The pass will cost $385.40 plus a $4.26 admin fee for a total fee of $389.66 for the eight-month 2015-16 school year and is a mandatory cost for all full-time (1.5 credits or more) students.
New Mileage Reimbursement Rate Effective 01/01/2015. The Department of Technology, Management and Budget has advised that the mileage rate has increased to $0.575 per mile, effective January 1, 2015. For a comprehensive list of all the travel rates, click on the link below. Travel Reimbursement Rates from 1982 to Present.
IRS Standard Mileage Deduction. Many business owners transfer the IRSâ standard mileage deduction directly to their corporate mileage reimbursement policy. The standard mileage rate â 55.5 cents per mile for business use in 2012 â is designed to cover all operational costs incurred while operating a vehicle.This includes not just fuel costs, but also depreciation, the cost of routine maintenance, such as oil changes and brake jobs, and insurance costs.f you reimburse your employees for their mileage, reimbursement payments are not treated as income and you make the payments free and clear of any tax withholding or matching FICA contributions on your part. You may claim the reimbursement payment as a business expense.