mileage rate
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Standard Mileage Rate — A set rate the IRS allows for each mile driven by the taxpayer for business, charitable, medical or moving purposes. The standard mileage rate can be taken in lieu of actual expenses incurred when calculating deductible automobile expenses… … Investment dictionary
standard mileage rate — The dollar amount per mile that the Internal Revenue Service sets annually for small businesses and self employed people to calculate their vehicle expenses for tax deduction purposes. Category: Business, LLCs & Corporations → Self Employed… … Law dictionary
Mileage — Mile age (m[imac]l [asl]j; 48), n. 1. An allowance for traveling expenses at a certain rate per mile. [1913 Webster] 2. Aggregate length or distance in miles; esp., the sum of lengths of tracks or wires of a railroad company, telegraph company,… … The Collaborative International Dictionary of English
mileage allowance — Lease agreements usually establish the average miles per year that the car may be driven during the lease. This is often between 12,000 and 15,000 miles. The lease contract also establishes the amount you ll have to pay for every mile driven over … Dictionary of automotive terms
mileage — (n.) 1754, fixed rate per mile, from MILE (Cf. mile) + AGE (Cf. age). Meaning a total number of miles is from 1861 … Etymology dictionary
mileage — ☆ mileage [mīl′ij ] n. 1. an allowance for traveling expenses at a specified amount per mile 2. aggregate distance in miles or total number of miles traveled, recorded, etc. 3. rate per mile, as in allowing for travel expenses or in charging for… … English World dictionary
mileage — (also milage) noun ADJECTIVE ▪ annual, weekly ▪ good, high, low ▪ cars that get better mileage ▪ Car for sal … Collocations dictionary
mileage — /muy lij/, n. 1. the aggregate number of miles traveled over in a given time. 2. length, extent, or distance in miles. 3. the number of miles or the average distance that a vehicle can travel on a specified quantity of fuel: the car gets good… … Universalium
mileage — noun Date: 1754 1. an allowance for traveling expenses at a certain rate per mile 2. aggregate length or distance in miles: as a. the total miles traveled especially in a given period of time b. the amount of service that something will yield… … New Collegiate Dictionary
mileage — /ˈmaɪlɪdʒ / (say muylij) noun 1. the total length or distance expressed in miles. 2. an aggregate number of miles or kilometres. 3. an allowance for travelling expenses, at a specified rate per mile or kilometre. 4. a ratio based on distance and… …
mileage ticket — 1. a book (mileage book) or ticket containing coupons good for a certain number of miles of transportation at a fixed rate per mile. 2. one of the coupons. [1880 85, Amer.] * * * mileage ticket, a ticket or coupon that entitles the bearer to a… … Useful english dictionary
