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The business mileage reimbursement rate is an optional standard mileage rate used in the United States for purposes of computing the allowable business deduction, for Federal income tax purposes under the Internal Revenue Code, at 26 U.S.C. § 162, for the business use of a vehicle. Under the law, the taxpayer for each year is generally ...
Business mileage rate: ... 2013 — 56.5 cents per mile. ... Multiple that number by the $0.655 standard mileage rate for business. 500 business miles multiplied by $0.655 is $327.50.
The mileage rate varies based on the purpose of the travel, with unique rates for standard business use, medical or moving purposes for active-duty military, and miles driven in service of a ...
Parts of a driver's work day are defined in four terms: On-duty time, off-duty time, driving time, and sleeper berth time.. FMCSA regulation §395.2 states: [5]. On-duty time is all time from when a driver begins to work or is required to be in readiness to work until the driver is relieved from work and all responsibility for performing work.
Fuel economy in automobiles, typically in miles per gallon (mpg) (US) Business mileage reimbursement rate, an optional standard mileage rate used in the United States for purposes of computing the allowable business deduction
UPS Sets 2013 Rates New Pricing Takes Effect December 31, 2012 ATLANTA--(BUSINESS WIRE)-- UPS (NYS: UPS) today released new published rates for 2013, including an average net increase of 4.5 ...
Coverage is based on other data collected from the vehicle, including speed and time-of-day information, historic riskiness of the road, driving actions in addition to distance or time travelled. The formula can be a simple function of the number of miles driven, or can vary according to the type of driving or the identity of the driver.
For the final six months of 2022, the standard mileage rate for business travel was 62.5 cents per mile, up 4 cents from the rate effective at the start of 2022.
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