2007-02-23 10:56:35 · 6 answers · asked by Jennifer G 1 in Business & Finance ➔ Careers & Employment
Standard business mileage rate allowed by the IRS is 48 cents per mile.
http://www.irs.gov/taxpros/article/0,,id=156624,00.html
2007-02-23 10:59:42 · answer #1 · answered by Anonymous · 0⤊ 0⤋
None. You should make them claim a per mile expense reimbursement at the IRS published rates. This is what most employers do. Make sure their mileage they submit for reimbursement subtracts out their normal commute mileage otherwise you are actually paying them additional compensation that needs to be taxed like all payroll taxes. See pasted excerpt below from the IRS website.
Beginning Jan. 1, 2007, the standard mileage rates for the use of a car (including vans, pickups or panel trucks) will be:
48.5 cents per mile for business miles driven;
20 cents per mile driven for medical or moving purposes; and
14 cents per mile driven in service to a charitable organization.
The new rate for business miles compares to a rate of 44.5 cents per mile for 2006. The new rate for medical and moving purposes compares to 18 cents in 2006.
2007-02-23 19:02:29 · answer #2 · answered by Brad S 2 · 0⤊ 0⤋
I get 35.2 cents a mile from my insurance company for mileage reembursement.
2007-02-23 19:02:57 · answer #3 · answered by DEE L 2 · 0⤊ 0⤋
my boss pays 40 cents per mile.
2007-02-23 18:59:05 · answer #4 · answered by gone from here too 4 · 0⤊ 0⤋
2 free farts a day anywhere in the office...fine after that
2007-02-23 19:00:39 · answer #5 · answered by Curiously 5 · 0⤊ 0⤋
all they can drink
2007-02-23 18:58:57 · answer #6 · answered by don 6 · 0⤊ 0⤋