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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 ...
In 2022, the latest year for which statistics are available, AAA estimated that the annual cost of car ownership was $10,728, up from an average of $9,666 the previous year. This is in line with ...
Truck drivers get the standard mileage rate of 65.5 cents per mile. This rate increased from 62.5 cents per mile as of January 2023. To figure out your deduction, take the number of miles driven ...
A vehicle miles traveled tax, also frequently referred to as a VMT tax, VMT fee, mileage-based fee, or road user charge, is a policy of charging motorists based on how many miles they have traveled. It has been proposed in various states in the United States including Illinois who are currently following through with implementing this tax, and ...
Car costs. Itemized average total costs for the average American driver to own and operate an automobile. [1] This yearly value, around US$6650, corresponds, according to AAA, to a small sedan. [2] A car's internal costs are all the costs consumers pay to own and operate a car. [3] [4] [5] Normally these expenditures are divided into fixed or ...
Fuel economy is the distance travelled per unit volume of fuel used; for example, kilometres per litre (km/L) or miles per gallon (MPG), where 1 MPG (imperial) ≈ 0.354006 km/L. The higher the value, the more economic a vehicle is (the more distance it can travel with a certain volume of fuel). This measure is popular in the US and the UK (mpg ...
Triple-A (officially Class AAA [1]) has been the highest level of play in Minor League Baseball in the United States since 1946. Currently, two leagues operate at the Triple-A level, the International League (IL) and the Pacific Coast League (PCL). There are 30 teams, one per each Major League Baseball (MLB) franchise, with 20 in the IL and 10 ...
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