Question: What Should I Charge Per Km?

What is the average travel allowance?

California.

California’s average M&IE rate is $62.86, and the average lodging rate is $130.55.

A number of areas in California are higher-cost localities, driving up the rates..

How much should my employer pay me per mile?

58 cents per mile for business miles driven, up 3.5 cents from 2018. 20 cents per mile driven for medical or moving purposes, up 2 cents from 2018; and. 14 cents per mile driven in service of charitable organizations.

How much should I charge per km?

The rate is: 72 cents per km for 2020–21. 68 cents per km for 2018–19 and 2019–20. 66 cents per km for 2017–18, 2016–17 and 2015–16.

What is the km rate for 2020?

20 cents per kilometre and the prescribed rate is R3. 98 cents per kilometre, the amount that will be included in remuneration for purposes of calculating the PAYE is calculated as (R4.

What is the formula to calculate fuel consumption?

The following formula is used to calculate fuel consumption in litres / 100kms, the most commonly used measure of fuel consumption. (Litres used X 100) ÷ km travelled = Litres per 100km.

What is a fair rate for mileage?

Beginning January 1, 2020, the standard mileage rates for the use of a car (van, pickup or panel truck) will be: 57.5 cents per mile for business miles driven, down from 58 cents in 2019.

How do you calculate fuel cost?

First, divide the distance of the route by your miles per gallon figure to find out how many gallons of gas you will need. After that, multiply the number of gallons by the price of gas to calculate the gas cost for your journey.

How do you calculate mileage rate for 2020?

IRS announced that Beginning on January 1, 2020, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) would be: 57.5 cents per mile driven for business use, 17 cents per mile driven for medical or moving purposes, 14 cents per mile driven in service of charitable organizations.

How much KM can you claim on tax?

You can claim a maximum of 5,000 business kilometres annually. Your claim is limited to a set rate, which is 68 cents per kilometre for the 2019 income year. You can’t claim separate deductions for insurance premiums and depreciation.

How much should a company pay per km?

CRA Automobile Allowances Previous YearsYearAllowance Rates2020$0.59/first 5,000KM $.53 each additional KM.2019$0.58/first 5,000KM $.52 each additional KM.2018$0.55/first 5,000KM $.49 each additional KM.2017$0.54/first 5,000KM $.48 each additional KM. NT, NU & YT: Additional $0.04 per kilometre.4 more rows•Jan 17, 2020

How is travel allowance calculated?

For grade pay 1800 to 1900, travelling allowances is over Rs 1350 plus dearness allowances (DA) for employees who reside in higher cities which is A/A1 cities. … As for grade pay 2,000 to 3,600, TA comes over Rs 3600 plus DA in A/A1 cities, whereas over Rs 1800 TA plus DA is given in other cities on basic pay.

Does IRS require odometer readings?

The IRS does not require odometer readings for every trip. Let’s go over the reporting requirements for mileage deduction.

What is the km rate for 2019?

R3.61 per kilometreThe prescribed rate for the 2019 tax year is R3. 61 per kilometre. There are no changes to the way that you capture the reimbursement on a payslip on SimplePay.

How far can you drive on 1 Litre of petrol?

it depends on the car, speed, engine size… an economy car can give you an average of 13 kilometers per liter taking some considerations: a fixed speed of something like 60 kilometers an hour.

What are AA rates per km?

If, for instance, your drive a small sedan at the coast, the total AA rate calculated on the vehicle may be R 3,35 per driving kilometre which amounts to R 67 000 if you drive 20 000 km a year.

How much should I charge per km NZ?

The allowance for a petrol or diesel vehicle is 79 cents per kilometre for the first 14,000 kilometres, and 30 cents per kilometre after.

How do you calculate cost per km?

To estimate the fuel cost for a trip you need the trip distance, cost of fuel per litre, and the vehicle’s average fuel consumption. In other words: Divide the total distance (km) by 100. Now multiply the answer by the average fuel consumption, and then multiply this number by the price of fuel (per litre).

How much does SARS pay per km?

The rate per kilometre is fixed by the Minister of Finance and currently is — • 3.82 per kilometre (from 1 March 2021).