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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]
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.
The taxicabs of the United States make up a mature system; most U.S. cities have a licensing scheme which restricts the number of taxicabs allowed. As of 2012 the total number of taxi cab drivers in the United States is 233,900; the average annual salary of a taxi cab driver is $22,820 and the expected percent job increase over the next 10 years is 16%.
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 ...
Starting on May 1, 2022, the fare for the Q70 bus was waived while the New York state government studied alternatives to the planned AirTrain LaGuardia people-mover system. [83] [84] As part of a pilot program by the MTA to make five bus routes free (one in each borough), the B60, Bx18, M116, Q4, and S46/96 were selected as fare-free routes in ...
An employer in the United States may provide transportation benefits to their employees that are tax free up to a certain limit. Under the U.S. Internal Revenue Code section 132(a), the qualified transportation benefits are one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income in calculating federal income tax.
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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 ...