To calculate the cost per mile, divide the cost by the number of miles you drove that month. To determine the total monthly cost per mile, simply add the fixed and variable costs.2020-02-01
How do you calculate mileage rate for 2020?
Using a mileage rate The standard mileage rate is 56 cents per mile. To find your reimbursement, you multiply the number of miles by the rate: [miles] * [rate], or 175 miles * $0.56 = $98. B: You drive the company's vehicle for business, and you pay the costs of operating it (gas, oil, maintenance, etc.).