Standard Mileage Rate

Standard Mileage Rate,

What is The Meaning of Standard Mileage Rate?

  • You can define Standard Mileage Rate as, A fixed amount of one mile travels for professional, charitable or medical purposes that may be deducted from your taxable income.

  • You can define Standard Mileage Rate as, The deductible amount you can claim for each mile you spend on a car for commercial, charitable, work transfer or medical purposes, without finding out the actual cost. You can also reduce the actual parking and toll fees for each of these locations.

Literal Meanings of Standard Mileage Rate

Standard:

Meanings of Standard:
  1. Quality or performance level

  2. Ideas or things that are used as benchmarking measures, standards or models.

  3. A popular RAW or a popular RAW with.

  4. Military or ceremonial flags are flown over masks or waved over ropes.

  5. A tree or shrub that grows on a long, straight trunk.

  6. Vertical line of water or gas.

  7. Used or accepted as normal or medium.

  8. (From a tree or bush) grows to its full height in a vertical trunk.

Sentences of Standard
  1. The restaurant offers high quality service

  2. Wages are low by today's standards

  3. Many songs are from country to western, other jazz and Bosa Nova pop in classic forms.

  4. Sir Marcus Versley raised the flag and paid tribute to the Queen Mother and members of Malton and the Norton Branch of the Royal British Army.

  5. Standard tax rate

  6. Standard waves are useful in situations where altitude is urgently needed

Synonyms of Standard

settled, accustomed, yardstick, set, prevailing, measure, traditional, principle, usual, day-to-day, banderole, colours, quality, fixed, canon, specification, ideal, pattern, exemplar, benchmark, guideline, habitual

Mileage:

Meanings of Mileage:
  1. Take some distance or travel in kilometers.

  2. The actual or potential use of something.

Sentences of Mileage
  1. The car is in good condition considering the travel mileage

Synonyms of Mileage

use, assistance, profit, mileage, benefit, advantage, utility, validity, width, aid, virtue, height, area, value, footage, usefulness, help, gain, depth, service, length, quantity, acreage, weight, range

Rate:

Meanings of Rate:
  1. Pay a fixed price or charge something for something, especially good or service.

Synonyms of Rate

compute, amount, charge, gauge, hire, consider to be, hold to be, evaluate, deem to be, adjudge, judge to be, judge, figure, tariff, calculate, reckon to be, fare, outlay, assess, cost, price, appraise, weigh up, measure, put a value on, value, think to be