Per Diem Formula:
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Definition: This calculator computes the total per diem amount based on the daily rate and number of days.
Purpose: It helps employees, contractors, and business travelers estimate their daily expense allowances for 2024.
The calculator uses the formula:
Where:
Explanation: The daily rate is multiplied by the number of days to calculate the total per diem amount.
Details: Accurate per diem calculations ensure proper expense reimbursement, budget planning, and compliance with company or government travel policies.
Tips: Enter the daily rate in dollars and the number of days. Both values must be > 0.
Q1: What is a typical per diem rate for 2024?
A: Standard rates vary by location but typically range from $59-$96 for meals and incidentals in the continental U.S.
Q2: Are per diem payments taxable?
A: Generally no, if they don't exceed federal rates and substantiation requirements are met.
Q3: Can I use this for international travel?
A: Yes, but be sure to use the appropriate international per diem rates.
Q4: Does this include lodging costs?
A: This calculator computes the total based on your input rate, which may or may not include lodging.
Q5: Where can I find official GSA per diem rates?
A: Visit www.gsa.gov for the latest official rates.