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The business mileage reimbursement rate is an optional standard mileage rate used in the United States for purposes of computing the allowable business deduction, for Federal income tax purposes under the Internal Revenue Code, at 26 U.S.C. § 162, for the business use of a vehicle. Under the law, the taxpayer for each year is generally ...
Statistics. In the United States, the Environmental Protection Agency assumes the typical car is driven 15,000 miles (24,000 km) per year. According to the New York Times, in the 1960s and 1970s, the typical car reached its end of life around 100,000 miles (160,000 km). Due in part to manufacturing improvements, such as tighter tolerances and ...
Best used cars for $10,000 or less in 2024. We highlight the most reliable used cars to buy today, including solid sporty sedans, hatchbacks, hybrids, luxury cars and even an EV. Jeremy ...
Odometer. An odometer or odograph is an instrument used for measuring the distance traveled by a vehicle, such as a bicycle or car. The device may be electronic, mechanical, or a combination of the two ( electromechanical ). The noun derives from ancient Greek ὁδόμετρον, hodómetron, from ὁδός, hodós ("path" or "gateway") and ...
Let's start with the easy and simple numbers. The EPA says that for every 100 pounds taken out of the vehicle, the fuel economy is increased by 1-2 percent. Based on a gallon of gasoline costing ...
The total cost is every dollar that is made toward the purchase of the car over time, including the initial, the monthly, and the interest. The initial payment is often known in the car-buying ...
Ford, Chevrolet, Toyota, Honda and Nissan were the top five used car brands purchased in March 2024, accounting for 49% of all used cars sold at an average price of $23,089. This was 9% below the ...
The program covered model year 2012 to model year 2016 and ultimately required an average fuel economy standard of 35.5 miles per US gallon (6.63 L/100 km; 42.6 mpg ‑imp) in 2016 (of 39 miles per gallon for cars and 30 mpg for trucks), a jump from the 2009 average for all vehicles of 25 miles per gallon.