Final answer:
Per diem for M IE covers the expenses incurred by an employee when they are traveling for work. It stands for 'Mileage and Incidental Expenses' and is a daily allowance provided to cover meals, lodging, and other incidental expenses such as transportation during the business trip.
Step-by-step explanation:
Per diem for M IE covers the expenses incurred by an employee when they are traveling for work. It stands for 'Mileage and Incidental Expenses' and is a daily allowance provided to cover meals, lodging, and other incidental expenses such as transportation during the business trip.
For example, if an employee travels to another city for a conference, their per diem allowance will cover the cost of meals for each day they are away. The amount given for per diem can vary depending on the location and the employer's policies.
It is important to note that per diem is separate from actual travel expenses such as airfare or rental cars, which are typically reimbursed separately.