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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. ยง 162, for the business use of a vehicle. Under the law, the taxpayer for each year is generally ...
Milepost equation. A milepost equation, milepoint equation, or postmile equation is a place where mileposts on a linear feature, such as a highway or rail line, fail to increase normally, usually due to realignment or changes in planned alignment. [1] [2] In order to make mileposts consistent with the real mileage, every milepost beyond the ...
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 ...
Geographical distance or geodetic distance is the distance measured along the surface of the Earth, or the shortest arch length. The formulae in this article calculate distances between points which are defined by geographical coordinates in terms of latitude and longitude. This distance is an element in solving the second (inverse) geodetic ...
Braking distance. Braking distance refers to the distance a vehicle will travel from the point when its brakes are fully applied to when it comes to a complete stop. It is primarily affected by the original speed of the vehicle and the coefficient of friction between the tires and the road surface, [Note 1] and negligibly by the tires' rolling ...
The mile, sometimes the international mile or statute mile to distinguish it from other miles, is a British imperial unit and United States customary unit of distance; both are based on the older English unit of length equal to 5,280 English feet, or 1,760 yards. The statute mile was standardised between the Commonwealth of Nations and the ...
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