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    what to charge for travel expense

    I take an elderly woman from Palm Beach County to Broward County a couple of times a week. The total round trip is about 140 miles. Im not sure what exactly I should be charging for this trip? I've been charging .30 cents a mile but with the price of gas these days, I really feel I need to change that amount, I'm just not sure to what????

    0  Views: 668 Answers: 1 Posted: 14 years ago

    1 Answer

    Take the 140 miles and divide it by how many miles per gallon you get, then multiply that amt by the price per gallon. If you get 20 mpg. and a gallon is $4.00, it's costing you $28 in gas alone.Dividing $28 by 140, you get $.20 per mile, so you're more than covering your expense for gas. There is, however, the so-called "wear and tear." The additional miles accumulated by doing this might  also result in increased auto insurance premiums.

    claudett

    THANK YOU SOOO MUCH! That was so nice of you to work that all out for me! I'm terrible with math. You were such a big help, I thank you for your kindness and time. :)
    Clonge

    You're welcome, Claudette. People who are helped on this site often give "Karma Points" via a "thumbs up." It lets the answerers know that they're appreciated. Having just joined Q&A, perhaps you didn't know that.


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