Per Diem Calculation:
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Per Diem calculation determines the daily rate of a claim by dividing the total claim amount by the number of days. It's commonly used in expense reimbursements, travel allowances, and insurance claims.
The calculator uses the simple formula:
Where:
Explanation: This calculation provides the average daily rate for the claim amount.
Details: Per Diem rates help standardize expense reporting, ensure fair reimbursement, and simplify budgeting for extended expenses.
Tips: Enter the total claim amount in USD and the number of days. Both values must be positive numbers (days must be at least 1).
Q1: What's included in a per diem claim?
A: Typically includes meals, lodging, and incidental expenses, but specific inclusions depend on the organization's policy.
Q2: Are there standard per diem rates?
A: Many organizations and governments publish standard rates for different locations that can be used instead of actual expenses.
Q3: How does per diem differ from actual expense reimbursement?
A: Per diem provides a fixed daily amount regardless of actual expenses, while reimbursement covers exactly what was spent.
Q4: Are per diem payments taxable?
A: Generally not if they don't exceed government published rates and are for business travel. Excess amounts may be taxable.
Q5: Can per diem be prorated for partial days?
A: Policies vary, but many organizations use 75% of daily rate for partial days (especially travel days).