What is the rate of per diem payment?

Prepare for the CBA Compliance Test with comprehensive quizzes. Study with flashcards and multiple choice questions, each question has hints and explanations. Ensure your success on the exam!

The per diem payment rate often corresponds to recognized standards for accommodating expenses incurred during business travel, aligning with fairly common practices across many organizations. Selected as the correct answer, the rate of $2.00 per hour provides a balance between appropriate compensation for expenses and ensuring cost-effective measures for employers. This per diem rate can be seen as reasonable for covering meals, transportation, and any other incidentals that may arise during business travel.

Understanding the context of per diem rates is crucial; various organizations may compute these rates based on federal guidelines or internal expense policies. The specific amount can vary widely depending on the industry, location, and nature of travel, but in this scenario, the choice of $2.00 per hour reflects a widely accepted figure often employed in corporate guidelines or compliance practices.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy