$71.00 $159.00
By Jean Folger | September 30, 2014 AAA |. Per diem is a fixed amount of daily reimbursement paid to employees for lodging, meals and incidental expenses incurred while traveling on business, paid in lieu of actual travel expenses. Per diem rates vary by destination, and in some cases, by when you travel, based on the area’s cost of living. The M&IE per diem is shown on the right side of the table; these rates remain static during the entire fiscal year. Note that a standard rate of $46/day for meals and incidental expenses, and $83/day for lodging, applies to any location that doesn’t have a specified rate in the GSA tables. The lodging per-diem rate of $159.00 is intended to cover the costs of one night's lodging at a hotel in Chicago, based on the average daily rate in the local lodging industry. Many hotels and motels offer business travellers rooms at exactly the local per-diem rate. The meals & incidentals rate (M&IE rate) of $71.00 is intended to cover the costs of a single days' worth of meals and incidental costs (such as tips and parking) based on the average cost for these expenses in the Chicago area. If you spend less than the $71.00 per diem, you can generally keep the remainder. In the Chicago per-diem area, per-diem rates vary month by month due to seasonal pricing changes in the area. Month-by-month rates for 2015 are listed in the above table. The federal government provides one lodging per-diem for each night travelled, and one meals & incidentals per-diem for each full day travelled. Under the high-low method, the per diem rate for all high-cost areas within the continental United States is $259 for post-September 30, 2014 travel (consisting of $194 for lodging and $65 for meals and incidental expenses). For all other areas within the continental United States, the per diem rate is $172 for post-September 30, 2014 travel (consisting of $120 for lodging and $52 for meals and incidental expenses). Meals Broken Down. The daily per diem is further broken down into each meal, plus the $5 incidental rate. Tier 1 per diems are $7 for breakfast, $11 for lunch and $23 for dinner. Tier 2 per diems are $8 for breakfast, $12 for lunch and $26 for dinner. Tier 3 provides $9 for breakfast, $13 for lunch and $29 for dinner. Per Diem Breakdown. The GSA breaks down business trip per diem rates into two categories: The first is lodging and the second is meals and incidental expenses.. The incidental part of the meals and incidental expenses per diem is $5 per day no matter where you travel. The per diem rate for meals in major cities, such as Chicago, Las Vegas, Los Angeles, New York and the District of Columbia, qualify for the maximum tier of $71 per day. The M&IE per diem is shown on the right side of the table; these rates remain static during the entire fiscal year. Note that a standard rate of $46/day for meals and incidental expenses, and $83/day for lodging, applies to any location that doesn’t have a specified rate in the GSA tables. Six Per Diem Tiers. As of March 2013, the six meals and incidental expenses per diem tiers are $46, $51, $56, $61, $66 or $71 per day. Major U.S. cities such as Chicago, New York and Los Angeles fall within the maximum per diem tier of $71 per day. Per Diem Breakdown. The GSA breaks down business trip per diem rates into two categories: The first is lodging and the second is meals and incidental expenses.. The incidental part of the meals and incidental expenses per diem is $5 per day no matter where you travel.
http://www.investopedia.com/articles/personal-finance/093014/finding-diem-rates.asp https://www.federalpay.org/perdiem/2015/illinois/chicago http://www.klcpas.com/2015-per-diem-rates/ http://yourbusiness.azcentral.com/average-per-diem-rate-food-business-trip-17325.html http://www.investopedia.com/articles/personal-finance/093014/finding-diem-rates.asp http://yourbusiness.azcentral.com/average-per-diem-rate-food-business-trip-17325.html
per diem meal rate in chicago