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An employer in the United States may provide transportation benefits to their employees that are tax free up to a certain limit. Under the U.S. Internal Revenue Code section 132(a), the qualified transportation benefits are one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income in calculating federal income tax.
Per diem (Latin for "per day" or "for each day") or daily allowance is a specific amount of money that an organization gives an individual, typically an employee, per day to cover living expenses when travelling on the employer's business. A per diem payment can cover part or all of the expenses incurred. For example, it may include an ...
Pay dispersion is defined as the ‘differences in pay levels between individuals within (i.e., horizontal dispersion) and across (i.e., vertical dispersion) jobs or organisational levels. [22] Vertical pay dispersion is specifically the difference in remuneration between the most senior employees of an organisation (e.g., Executive Directors ...
An organization may refund or reimburse these costs on the basis of an itemized list, or may conclude that cost of doing so is disproportionately high and instead pay a per diem ("per day") allowance. This provides a budget from which the traveler may recover their costs.
Conveyance may refer to: Conveyance, the documentation of the transfer of ownership of land from one party to another—see conveyancing; Public conveyance, a shared passenger transportation service; A means of transport; Water conveyance, a commuter passenger boat used to provide public transport; Conveyance (horse), an American Thoroughbred ...
Cost to company (CTC) is a term for the total salary package of an employee, used in countries such as India and South Africa. It indicates the total amount of expenses a company (organisation) spends on an employee during one year.
The head of Southern California Edison said Wednesday that winds blowing in Eaton Canyon on Jan. 7 were not strong enough to merit de-energizing a powerful electrical transmission line that is now ...
Asphalt road in Norway. A road is a thoroughfare, route, or way on land between two places that has been surfaced or otherwise improved to allow travel by foot or some form of conveyance, including a motor vehicle, cart, bicycle, or horse.