qbteachmt
Level 15
02-20-2021
12:29 PM
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I multiply the Mileage by the fuel component contribution $ amount, to get the amount that is reduced for reporting. Example:
If Pub 15a states fuel reduction is 5.5 and the Mileage Allowance for that tax year is 57.5, then the payroll tax amount for employee for this fringe benefit is 52 cents a mile.
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"Level Up" is a gaming function, not a real life function.
"Level Up" is a gaming function, not a real life function.