Divide operatings costs by miles travelled.
Miles driven times 40 miles driven x 57.5 cents per mile
If you keep track of the total amount spent in cents, then divide that number by 0.505 cents/mile.
Miles = Total Cost (in cents)/55.5
the definition is how much you spend per mile in cents.
1 mile = approx 1.6 km, so (22 cents/km) x (1.6 km/mi) = 35.2 cents/mi
- Airplane .......... $1.07 per mile - Automobile Rates: 44.5 cents per mile (if no Government Owned Vehicle available) 28.5 cents per mile (if Government Owned Vehicle available) 12.5 cents per mile (if committed to use Government Owned Vehicle) - Motorcycle POV Rate ..... 30.5 cents per mile You can find this information at www.gsa.gov
Business use was 55 cents per mile. Medical and qualified moving expense was 24 cents per mile. Charitable was 14 cents per mile.
In 2010, the IRS standard mileage rate for business use of a vehicle was set at 50 cents per mile. For medical and moving purposes, the rate was 16.5 cents per mile, while the rate for charitable organizations remained at 14 cents per mile. These rates are used to calculate deductible costs for operating a vehicle for various purposes.
The IRS allows: .51 cents per mile for business. .19 cents per mile for medical or moving expenses. .14 cents per mile for charitable expenses. Want to know what a particular make & model will cost per mile then click the link.
22¢/km = 35.4¢/mile (rounded)
500 miles at 39 cents per mile = 500*39 cents = 195 dollars
about 3.7 cents per mile