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Originally Posted by Nealoc187
I ... couldn't find a definition of 'per diem'. For instance it says on here that PSA's "Per Diem" is $1.40/hour. what does that mean exactly? If you can't tell, I'm new here (working on my CSEL right now).
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Quote:
Originally Posted by JetJocF14
I believe its that operation they do to a women when she is giving birth . . .
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I'm not sure how you got episiotomy out of per diem, but the road must have been painful.
"per diem" is Latin meaning, literally, "per day" or "for the day" or "by the day." It is used by many industries, the government, and the military to refer to the costs of daily living expenses associated with travel. A number of expenses could qualify, including not only meals eaten while away from home, but the cost of parking and other fees.
One critical difference between compensation received as per diem and compensation received as salary is the tax implication. While your salary is taxable, your per diem (up to certain limits) is not.
When you see a per diem rate stated as an hourly rate, you condsider the number of hours the pilot spends away from his domicile ("home airport" is one way of explaining that term) and multiply that number of hours by the hourly per diem rate.
Hope that helps.
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