Accountancy, asked by mehraharveer, 1 month ago

. What is honorarium ?​

Answers

Answered by hansikarai08
3

Answer:

An honorarium is an ex gratia payment, i.e., a payment made, without the giver recognizing themselves as having any liability or legal obligation, to a person for his or her services in a volunteer capacity or for services for which fees are not traditionally required

Answered by singhsuraj3461
0

Explanation:

An honorarium is a voluntary payment that is given to a person for services for which fees are not legally or traditionally required. Honoraria are typically used to help cover costs for volunteers or guest speakers and may be considered taxable income. For example, when a guest makes a speech at a conference, he might receive an honorarium to cover travel expenses.

An honorarium is a different type of payment than a per diem, which is a daily allowance paid to employees or consultants to cover business trip expenses, like a hotel stay, travel, and food.

Similar questions