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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 ...
Passenger-distance is the distance (km or miles) travelled by passengers on transit vehicles; determined by multiplying the number of unlinked passenger trips by the average length of their trips. passenger-kilometre or pkm internationally; passenger-mile (or pmi ?) sometimes in the US; 1 pmi = 1.609344 pkm.
Flight length. In aviation, the flight length or flight distance refers to the distance of a flight. Aircraft do not necessarily follow the great-circle distance, but may opt for a longer route due to weather, traffic, to utilise a jet stream, or to refuel. Commercial flights are often categorized into long-, medium- or short-haul by commercial ...
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 ...
The rating for all-electric mode (left) is expressed in miles per gallon gasoline equivalent (mpg). Miles per gallon gasoline equivalent ( MPGe or MPGge) is a measure of the average distance traveled per unit of energy consumed. MPGe is used by the United States Environmental Protection Agency (EPA) to compare energy consumption of alternative ...
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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 ...
For the figures above, the loan payment formula would look like: 0.06 divided by 12 = 0.005. 0.005 x $20,000 = $100. In this example, you’d pay $100 in interest in the first month. As you ...