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SIFL
(redirected from Standard Industry Fare Level)

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AcronymDefinition
SIFLStandard Industry Fare Level (Civil Aeronautics Board)
SIFLShanghai International Football League (China)
SIFLSelf Inflicted Frontal Lobotomy
SIFLSave It for Later


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While the employer generally deducted many thousands of dollars for providing the flight, the employee would include in income only a relatively small amount, calculated under the Department of Transportation's standard industry fare levels formula.
S properly determined the standard industry fare level (SIFL) value of each personal flight under Regs.
A flight's value is figured by multiplying the Standard Industry Fare Level (SIFL) mileage rate by an aircraft-assigned constant value (these constants vary with the weight of the aircraft and the employee's status as a controlling or noncontrolling employee) and adding a terminal charge.
 
 
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