Fixed and Variable Rate Allowances

Fixed and Variable Rate Allowances means:
an allowable method for computing a business automobile mileage allowance that is not reported as wages on Former Federal Tax Form (check here if the Form is current) W-2. An employer may give an employee a cents-per-mile rate to cover gasoline and other operating costs, plus a flat amount to cover depreciation and insurance.

See also other Tax Terms and Definitions in U.S.A.

standard mileage method.

See Depreciation in the United States Encyclopedia of Law and Depreciation in the World Encyclopedia of Law.

See Tax Forms in the Encyclopedia.