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The cost is more than 25 cents/mile. There is a lot to factor in. Typically when you are a salaried employee and use your vehicle for business, this mileage all
by hourislate 7y ago
The cost is more than 25 cents/mile. There is a lot to factor in. Typically when you are a salaried employee and use your vehicle for business, this mileage allowance is on top of your pay. She is not earning anything other than what Instacart pays. By the time it's all said and done, she'll be lucky if to brake even. Maybe that's enough for her.
Here is what he IRS has determined the cost of driving is. I would imagine the costs in CA are greater due to gasoline prices, traffic, and general cost of living.
https://www.irs.gov/newsroom/irs-issues-standard-mileage-rates-for-2019 https://www.irs.gov/newsroom/irs-issues-standard-mileage-rat...
54.5 cents per mile
The Internal Revenue Service (IRS) has issued the 2018 optional standard mileage rates and beginning on January 1, 2018, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 54.5 cents per mile for business miles driven (up from 53.5 cents in 2017)Dec 14, 2017
Includes gas, oil, repairs, tires, insurance, registration fees, licenses, and depreciation (or lease payments) attributable to the portion of the total miles driven that are business miles.
- Dylan16807 7y ago> Includes gas, oil, repairs, tires, insurance, registration fees, licenses, and depreciation (or lease payments) attributable to the portion of the total miles driven that are business miles. "Attributable to the portion" sounds like you divide it by total miles, which is going to give you a number that's bigger than marginal cost, and possibly a lot bigger. For some cars, doubling the miles might only increase non-fuel costs 20%.