The IRS Has Approved Only Two Per Diem Methods to Substantiate

question 93

True/False

The IRS has approved only two per diem methods to substantiate travel expenses,the high-low method and the meals and incidental expenses method.

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Definitions:

Significance Level

Another term for level of significance, denoting the cutoff probability for determining when the p-value indicates a statistically significant result.

Nonparametric Tests

Statistical tests not based on assumptions about the form or parameters of the population distribution from which the samples are drawn.

Parametric Tests

Statistical tests that make assumptions about the parameters of the distribution(s) from which one's data are drawn.

Wilcoxon Rank Sum Test

A nonparametric statistical hypothesis test used for comparing two independent samples to assess whether their population mean ranks differ.