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Laughing to the bank!

Discussion in 'Fred's House of Pancakes' started by barbaram, Oct 17, 2006.

  1. barbaram

    barbaram Active Member

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    I just got an expense check from work for my driving from September. $405 plus change
    I drove 2237.1 miles and bought 45.329 gal of gas which at an estimate of $2.25 a gal cost me $102!!!!Of course all I spent on the car upfront is forgotten!
     
    #1 barbaram, Oct 17, 2006
  2. dragonfly

    dragonfly New Member

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    Cool! Drinks on you! :D
     
    #2 dragonfly, Oct 17, 2006
  3. Proco

    Proco Senior Member

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    <div class='quotetop'>QUOTE(barbaram @ Oct 17 2006, 07:58 PM) [snapback]334256[/snapback]</div>
    Awright Barb!!! That calls for some dancing fruit!!
    [​IMG]

    Does this mean your treating at the next meet? :p
     
    #3 Proco, Oct 17, 2006
  4. TonyPSchaefer

    TonyPSchaefer Your Friendly Moderator
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    Talk about payback!

    Quite seriously some of my coworkers have suggested that I drive my car to branch locations rather than flying.
     
    #4 TonyPSchaefer, Oct 18, 2006
  5. mgundel

    mgundel Junior Member

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    <div class='quotetop'>QUOTE(barbaram @ Oct 17 2006, 07:58 PM) [snapback]334256[/snapback]</div>
    Sounds like you're getting the short end, that's only about 0.18 per mile. Make sure you keep your records and deduct the difference off your taxes. The IRS is at about 0.41 per mile. I am reimbursed at 0.37 and the difference at the end of the year is substantial.
     
    #5 mgundel, Oct 18, 2006
  6. dreichla

    dreichla New Member

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    Don't forget the wear and tear on your car, tires, that pothole you hit and the alignment you'll need, accelerated depreciation due to the miles you put on behalf of your work, etc.
     
    #6 dreichla, Oct 18, 2006
  7. daniel

    daniel Cat Lovers Against the Bomb

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    <div class='quotetop'>QUOTE(dreichla @ Oct 18 2006, 02:42 AM) [snapback]334331[/snapback]</div>
    Yep. The mileage stipend is supposed to cover wear and tear and depreciation as well as gas. Calculate the total cost of ownership (purchase price plus all gas plus all maintenance plus any repairs plus ???) and divide by total miles driven to arrive at your cost of ownership per mile. That's what they should pay you to break even.

    I wonder if anyone's ever done an estimate for the Prius, with reasonable assumptions about vehicle life and average mpg and total maintenance and repair costs?
     
    #7 daniel, Oct 18, 2006
  8. barbaram

    barbaram Active Member

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    Oh No! I am reimbursed at the IRS rate of 44.8 per mile so not all miles were work miles.

    I alos figured at $2.25 a gal / 50 MPG that buys 9000 miles worth of gas!!!!!!

    since the spaceship turned 14,000 today, athe one check paid for many of those miles!
     
    #8 barbaram, Oct 18, 2006
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