NOVEMBER 2003 QUESTION OF THE MONTH

Q. How much do companies generally reimburse their employees for business use of the employees personal car?

A.According to a survey from The Bureau of National Affairs (BNA), 52% of employers reimburse business mileage on personal cars at $.365per mile, the rate currently allowed by the IRS. A rate of $.345 to $.36 per mile is allowed by 17% of employers while 15% of employers reimburse in the $.30 to $.34 per mile range. Finally, 7% of employers reimburse mileage below $30 per mile.

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This question was an actual inquiry received by our Resourceline from a Business Council member.

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