I believe that the per diem program is manditory for company drivers now (guys? I am getting this wrong?) What they do is take a portion of your regular pay, and give it to you as per diem - if I recall it was 8 cpm while I was a company driver. So... if your rate is 36-cpm overall, you'd be getting 8-cpm as per diem, and 28-cpm as taxable income - you're still getting the 36-cpm. Whether that provides a tax advantage to you is dependent on your individual situation. For a single person with no bills, who normally takes the standard deduction without itemizing - it can be an advantage. It's money that goes untaxed by the goverment, decreasing your taxable gross income. On the down side, it does lower your adjusted gross income which is used for determining benefits such as social security or workman's comp, and may affect your ability to secure a loan. Depends on the loan officer.
Your first year out will net you somewhat less due to training pay, and the first couple of rate increases. I was able to average more than $800 per week as a company reefer driver. That was without the increase for a lightweight tractor, or NE reefer division.
Does Prime pay detention to drivers
Discussion in 'Questions From New Drivers' started by Freezer Burn, Jul 30, 2012.
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