I work for a nationwide company and this announcement just came out today.
"The IRS announced (Rev Proc 2006-49, I.R.B. 2006-47, November 1, 2006) that the standard mileage rate will increase 4¢ to 48.5¢ a mile for all business miles driven after December 31, 2006, up from 44.5¢ for 2006."
2007-01-04 03:25:26
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answer #1
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answered by bigbit22 3
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I work for a company in ohio and sometimes I run errands. I get paid 48 1/2 cents per mile. I know my boss keeps a decent eye on what the mandated rate is. I'm not sure if this by the state at a federal level. I just did a quick search about 5 seconds is what it took. http://www.koco.com/money/10264526/detail.html Read the first paragraph you should be getting paid 48.5 cents per mile as of january 1, 2007
2007-01-04 03:22:21
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answer #2
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answered by Anonymous
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The IRS has a standard rate for automobile mileage. In 2006 it was $0.445/mile. That is probably a good rate to use as the IRS does studies to determine the cost of normal car operation.
2007-01-04 03:48:12
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answer #3
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answered by jrex 1
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WOW! These answers are funny, try living in the UK - youd want at least 70c per mile to keep on the road....
Petrol in the states is virtually free! Why not ask your employer to buy you a bicycle and curb a bit of global warming??!
2007-01-04 03:33:00
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answer #4
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answered by snurge 1
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Take the local price of a gallon of gas and divide it by eight.
That accounts for gas mileage of eight miles per gallon,
2007-01-04 04:26:17
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answer #5
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answered by Anonymous
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I believe the current government rate is around 45 cents/mile. That would cover gas, i.e. you wouldn't get reimbursed for both mileage and gas.
It is up to your employer whether they will reimburse you for mileage or not.
2007-01-04 03:10:44
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answer #6
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answered by Phoenix, Wise Guru 7
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At my office in Indiana, they pay between 0.38 and 0.44 a mile.
2007-01-04 03:12:00
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answer #7
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answered by aviellesmom 2
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