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Is the IRS going to reduce mileage reimbursement allowance given reduction in gas prices?
Wiki User
∙ 14y ago
That would not be unreasonable
Wiki User
∙ 14y ago
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What is the mileage reimbursement when gas prices are 210 PG in Florida?
IRS stated reimbursement is 40.5 per mile your employer can pay you less but tax time is IRS amount
What is the mileage reimbursement when gas prices are 3.28 per gal in AZ?
Mileage reimbursement rates are set in part by the federal government and in part by employers. Most employers stay pretty close to federal rates. The current federal reimbursement rate is $.445. Arizona currently pays $.405 for state employees. In most cases, if the employer pays less, the difference may be claimed later. If the employer pays more, the employee may end up paying taxes on the overpayment. Although adjustments may be made periodically in regards to gas prices, it is not a change that is made frequently.
Why does globalization lead to a reduction in prices for goods and services?
Competition for jobs drives down wages, which helps companies lower their prices.
Which explains how a recovery period leads to a boom?
An increase in consumer demand resulting from a reduction in prices
A drastic drop in the value of money coupled with a rise in prices?
When there is an increase in prices for good and services combined with a reduction in the value of money it is known as inflation.
When will the 2008 federal mileage allowance be increased to compensate for the rise in gas prices?
On 6/23/08, the IRS increased mileage reimbursement for privately owned automobiles to 58.5 cents.
What is the mileage reimbursement when gas prices are 210 PG in Florida?
IRS stated reimbursement is 40.5 per mile your employer can pay you less but tax time is IRS amount
What is a fair mileage reimbursement rate?
I'm not sure about fair, but I work for a school district and the reimbursement rate is $.40. Although this is on the low end of the spectrum, it is actually better than some of the surrounding school districts. But with gas prices going up, $.50 isn't going to be enough either.
What is the mileage reimbursement when gas prices are 3.28 per gal in AZ?
Mileage reimbursement rates are set in part by the federal government and in part by employers. Most employers stay pretty close to federal rates. The current federal reimbursement rate is $.445. Arizona currently pays $.405 for state employees. In most cases, if the employer pays less, the difference may be claimed later. If the employer pays more, the employee may end up paying taxes on the overpayment. Although adjustments may be made periodically in regards to gas prices, it is not a change that is made frequently.
What happens when there is an increase in prices for good and service combined with a reduction in the value of money?
When there is an increase in prices for good and services combined with a reduction in the value of money it is known as inflation.
What happened when there is an increase in prices for good and services combined with a reduction in the value of money?
When there is an increase in prices for good and services combined with a reduction in the value of money it is known as inflation.
What happens when there is an increase in prices for goods and services combined with a reduction in the value of money?
When there is an increase in prices for good and services combined with a reduction in the value of money it is known as inflation.
Why does globalization lead to a reduction in prices for goods and services?
Competition for jobs drives down wages, which helps companies lower their prices.
Which of the following leads to the end of a boom period in the business cycle?
a reduction in consumer demand resulting from inflation
What happens when there is an increase in price for good and services combined with a reduction in the value money?
When there is an increase in prices for good and services combined with a reduction in the value of money it is known as inflation.
What happens when there is an increase in price for good and service combined with a reduction in the value of money?
When there is an increase in prices for good and services combined with a reduction in the value of money it is known as inflation.
Which explains how a recovery period leads to a boom?
An increase in consumer demand resulting from a reduction in prices
