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The standard mileage rate is 67 cents per mile for business purposes, 21 cents per mile for medical or moving purposes and 14 cents per mile for charitable purposes. These rates apply to gas ...
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 ...
The rates for a Yellow Cab in Pittsburgh as of September, 2011 are an initial charge of $3.35 plus $0.25 per 1/7 of a mile, plus $0.25 for each minute of waiting time. In trips over 20 miles, the meter will automatically begin calculating the distance following the initial 20 miles at $0.50 per 1/7 mile.
Thus, if the expense is incurred in 2009, the employee has through March 2010 to file for and receive the reimbursement. The bicycle benefit is not tied to the cost of living index, which applies to both transit and parking benefits. Unless amended in the future, the bicycle benefit is fixed at $20 per month.
The agency's responsibilities include protecting public safety and consumer rights, issuing and regulating licenses, setting and enforcing the fare rate in taxis, limiting taxi lease rates, and overseeing the sale of taxi medallions. The TLC licenses about 170,000 professional drivers in New York City.
According to an April 2011 study by the Chicago Dispatcher, New York City taxis have a relatively low standard fare, charging an estimated $14.10 for a distance of 5 miles (8.0 km) and five minutes' wait time (compared to an estimated $18.48 in West Hollywood and $12.87 in Houston). [39]
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The farebox recovery ratio (also called fare recovery ratio, fare recovery rate or other terms) of a passenger transportation system is the fraction of operating expenses which are met by the fares paid by passengers. It is computed by dividing the system's total fare revenue by its total operating expenses. [1]