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A new year will mean a new, slightly higher standard mileage rate for 2025. The Internal Revenue Service on Thursday announced that the 2025 standard mileage rate will go up by 3 cents per mile to ...
kilometre (km) or kilometer is a metric unit used, outside the US, to measure the length of a journey; the international statute mile (mi) is used in the US; 1 mi = 1.609344 km; nautical mile is rarely used to derive units of transportation quantity.
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 ...
In the United States, the term statute mile formally refers to the survey mile, [3] but for most purposes, the difference of less than 1 ⁄ 8 inch (3.2 mm) between the survey mile and the international mile (1609.344 metres exactly) is insignificant—one international mile is 0.999 998 US survey miles—so statute mile can be used for either.
The law authorizes the Oregon Department of Transportation (ODOT) to set up a mileage collection system for 5,000 volunteer motorists beginning July 1, 2015. [18] ODOT may assess a charge of 1.5 cents per mile for up to 5,000 volunteer cars and light commercial vehicles and issue a gas tax refund to those participants. [3]
In the airline industry an available seat mile is the fundamental unit of production for a passenger-carrying airline. [2] A unit in this case is one seat, available for sale, flown one mile. For example, an aircraft with 300 seats available for sale flying 1,000 statute miles would generate 300,000 ASMs for that particular flight. That the ...
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The UK statute chain is 22 yards, which is 66 feet (20.1168 m). This unit is a statute measure in the United Kingdom, defined in the Weights and Measures Act 1985. [6] One link is a hundredth part of a chain, which is 7.92 inches (20.1168 cm).