What mileage should a 2012 car have?
What mileage should a 2012 car have?
As a general rule, you should assume that the average car owner puts 12,000 miles on a car each year. To determine whether a car has reasonable mileage, you can simply multiply 12,000 by its age. That means good mileage for a car that’s 5 years old is 60,000.
How many miles until cars have problems?
Although many cars in the past couldn’t be trusted to cross the 100,000-mile threshold without serious issues, things are a lot more nuanced today. Many cars will have no trouble passing 200,000 miles without any significant issues — while many others still adhere to the 100,000-mile cutoff.
Why do I have to claim mileage on my taxes?
The rate gives employees a rate to use when they claim mileage deduction at tax time. It gives employers a reasonable reimbursement rate based on current research. The rate informs employers of the amount employees kickbackfor minimum wage considerations.
How much to reimburse employees for mileage?
How Much To Reimburse Employees For Mileage « The Timesheets BlogJuly 5, 2012 A company can reimburse its employees whatever it wants – from zero cents per mile to well over the IRS maximum. There is no law mandating how much or how little to reimburse employees.
Can a freelancer keep track of their mileage?
Even if your employer doesn’t have a Timesheets.comaccount, you can still log in as a freelancer for freeand keep track of your mileage.
The rate gives employees a rate to use when they claim mileage deduction at tax time. It gives employers a reasonable reimbursement rate based on current research. The rate informs employers of the amount employees kickbackfor minimum wage considerations.
Do you get mileage reimbursement from your employer?
Published by Peggy Emch Mileage reimbursement is not mandatory in the US (in most cases), however, the IRS issues a yearly Standard Mileage Rate for use by employees and employers in the following ways: The rate gives employees a rate to use when they claim mileage deduction at tax time.
Why do some cars get less mileage than others?
Other factors in play are air-conditioner use (up to 14 percent reduction in fuel efficiency), vehicle size (up to 15 percent reduction) and the region in which the vehicle is primarily operated (up to 12 percent less fuel efficiency, because hot weather and mountainous conditions take a toll on fuel economy). Fuel type also affects mileage.
Which is better gas mileage city or highway?
Almost all cars and trucks deliver better fuel economy while cruising at 55 mph on the open highway than they do while stopping and starting at low speed on city streets. The EPA rating for combined mpg presumes that we drive 55 percent of the time in the city and 45 percent of the time on the highway.
