and more It takes much more recordkeeping over the year but may help you get significantly higher deductions. The choice between the standard mileage rate and the actual expense method depends on your situation. Generally speaking, if you use your car very frequently for work-related purposes, ...
Average mileage per year is the amount of miles motorists typically travel each year. Understanding average mileage per year helps you make smarter purchase decisions.
If you drive your own car for work purposes and your employer pays you for the costs, whether the mileage reimbursement is taxed depends on various factors.
Annual mileage is important for determining a car’s value and insurance costs, among other things. While your annual mileage can vary each year, the average is usually the important number. On average, the U.S. Department of Transportation’s Federal Highway Administration (FHWA) says that th...
For example, a study about cars that doesn’t include the year or mileage may provide inaccurate results. Omitted variable bias is one of the most common types of bias in statistics. When you’re looking at data, make sure that data takes into account all the relevant variables. ...
One of the best examples of this is whether the car has been driven primarily on city roads or used more on highways. In the former case, the more frequent braking, gear-shifting, and driving in lower gears cause more damage to the car and make it appear older, even if its mileage is...
These may seem quixotic or paradoxical choices, but please bear with me. Looking back at the 21-year-old that I was at graduation, is a slightly uncomfortable experience for the 42-year-old that she has become. Half my lifetime ago, I was striking an uneasy balance between the ambition ...
A profit and loss (P&L) statement, also known as an income statement, is a financial statement that shows a company’s revenues and expenses for a given period.
Do you drive every day, racking up 20,000+ miles a year for business? Or is your travel more sparse, in the 1,000 mile range? Each driver will have very different needs out of a mileage tracker and should consider the bottom line of their actual deduction before purchasing a device. ...
The number equates to, on average, a 1.5% improvement per year, which was achieved by training 200 to 250 km a week (initially, she trained less, but numbers grew over the years). (2) However, it’s important to note that some studies have found that exceeding 60km of running a ...