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How do you calculate mileage reimbursement rate?

How to Calculate Mileage Expenses Reimbursement. Any additional vehicle expenses that are relevant. To determine what your miles are worth, multiply the miles driven by the mileage rate set by your employer. For example, let’s say you drove 224 miles last month and your employer reimburses at the Standard Mileage Rate of 53.5 cents per business...

What are the IRS mileage reimbursement rules?

Artie's policy states: Client sites qualify for mileage reimbursement The reimbursement rate is the IRS standard rate of $0.575 cents per mile Compare the car's odometer reading before and after the trip to calculate miles driven Employees must fill out an expense report for mileage reimbursement within 10 business days of the trip More items...


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