How many dollars equal 1 mile?

Answer 1

The value of one mile in dollars can vary widely depending on the context, such as travel expenses, reimbursement rates, or specific industry standards. For example, in the airline industry, frequent flyer programs often value miles at around 1 to 2 cents per mile. In terms of driving, the IRS standard mileage rate for business use can be a useful benchmark, which is periodically updated. Overall, there isn't a fixed conversion rate for all scenarios.