Magnum ltd - fargo, nd

Discussion in 'Discuss Your Favorite Trucking Company Here' started by Interplanet Janet, Nov 17, 2014.

  1. Amw86

    Amw86 Bobtail Member

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    Quick question that ya'll may be able to answer for me about the per diem.

    looks like when you start on your own its .36cpm is that with or without per diem? I think I recall reading .10 per diem? So if you took the per diem pay pre tax would that bump you to .46 essentially or is the .36 if you are on per diem?

    Thanks, I'll be contacting Magnum next week, sounds like a place I'd like to be a part of.
     
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  3. ncmickey

    ncmickey Road Train Member

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    With per diem, You would get 10 CPM before taxes and 26 CPM that would be taxed...
    You can also opt out of it and just make the .36, which would be fully taxed and you can deal with the deductions on your own.
    There is NO opt in or opt out fee....
     
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  4. RoadCall

    RoadCall Road Train Member

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    No, your mileage pay is either taxed in full or you can elect to have 10 cents of your pay held back as per diem.

    I see Mickey beat me to it
     
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  5. Amw86

    Amw86 Bobtail Member

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    Thanks guys.
     
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  6. Jubal3

    Jubal3 Heavy Load Member

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    Per Diem is fine until you apply for a bank loan, because the amount of per diem doesn't show as income on your pay stubs.

    Basically, my income taxes are MY business and I'll be darned if anyone wants to be my babysitter. Mandatory per diems would make me quit in a hot second. I can do a lo better on my taxes than my company and having my credit screwed up by my employer? No thanks.
     
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  7. RoadCall

    RoadCall Road Train Member

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    A- I never had a problem proving per diem as income, it's always showed on my pay stub as total gross.

    B- Magnum doesn't force per diem. It's optional.

    C- I agree with you, I'd rather do it on my own at tax time
     
    Last edited: May 31, 2015
  8. ncmickey

    ncmickey Road Train Member

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    image.jpg Not reloading till Monday 0730... One thing my trainer taught me was if you have some down time... Get out of the truck!! So here I am at the Toronto Blue Jays vs Minnesota Twins!
    $1.75 bus ride from right near our terminal to the ball field...!
    Just do it!!
     
    Last edited: May 31, 2015
  9. Amw86

    Amw86 Bobtail Member

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    Wow, only $2 haha? nice how long is the ride?
     
  10. ncmickey

    ncmickey Road Train Member

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    Less than a hour... And that was the local bus... Stopped every 3 blocks... Lol
     
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  11. Amw86

    Amw86 Bobtail Member

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    Not bad, do they have a place to park you're car while your otr at CR terminal? if i remember the area right I think there is a YMCA nearby too?
     
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