86 x .4=$34.40
45 miles x 55.5 cents / mile = 2497.5 cents
500 miles at 39 cents per mile = 500*39 cents = 195 dollars
Miles driven times 40 miles driven x 57.5 cents per mile
Miles = Total Cost (in cents)/55.5
If you keep track of the total amount spent in cents, then divide that number by 0.505 cents/mile.
8325 cents.
2220 cents or 22.20 dollars
28,000 cents = 280 dollars
The IRS mileage is calculated based on the amount of eligible miles reported. Miles can be reported for business, medical and charity. Eligible miles are taken and multiplied by the appropriate rate of 56 cents per mile for business, 23.5 cents per mile for medical and 14 cents per mile for charity, in 2014.
Divide operatings costs by miles travelled.
55 dollars
* 55 cents per mile for business miles driven * 24 cents per mile driven for medical or moving purposes * 14 cents per mile driven in service of charitable organizations