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.
Each year the IRS announces a new standard business mileage rate that can be used by taxpayers to compute a deduction for the business use of a vehicle. This rate also can be used by employers to reimburse workers' substantiated business miles under an accountable expense reimbursement arrangement. The standard mileage rate is an important concept for church treasurers, since many churches reimburse staff members' business miles using this rate.