What are AA rates per km?

What are AA rates per km?

If, for instance, your drive a small sedan at the coast, the total AA rate calculated on the vehicle may be R 3,35 per driving kilometre which amounts to R 67 000 if you drive 20 000 km a year.

What is the going rate for travel per km?

The per kilometre car expense claim rate for 2020-21 is 72 cents per km for up to 5,000 business kilometres. For the 2021-22 year the rate remains the same at 72 cents per km. This claim method avoids the need to keep track of individual car expenses and receipts.

How do you calculate rate per km?

How much does 1 km cost?”. Thus, you need to find the price per 1 kilometer. In my humble opinion, you can solve this task in two steps – multiplication and division. Multiply the hour price by the total number of hours and divide the result by the total number of kilometers traveled.

How do you calculate wear and tear on a car?

Divide your specific vehicle type’s cost number by 15,000, the average number of miles driven each year according to AAA. For example, if you drive a large sedan, divide 5,091 by 15,000 to get 0.3394. This tells you that your wear and tear cost is 33.94 cents per mile.

What are the AA rates per km 2020 Kenya?

The AA rates stand Sh26 per kilometre for vehicles with engine capacity of between 850cc to 1050cc and Sh42 per kilometre for 1050cc to 1300cc cars. The association recommends Sh45 per kilometre for 1300cc to 1500cc vehicles and Sh58 per kilometre for 1500cc to 1800cc vehicles.

What is the kilometer rate for 2020?

59 cents per kilometre
The limit on the deduction of tax-exempt allowances that are paid by employers to employees who use their personal vehicle for business purposes for 2020 will be increased by one cent to 59 cents per kilometre for the first 5,000 kilometres driven, and to 53 cents per kilometre for each additional kilometre.

What is the kilometer rate for 2021?

3.82 per kilometre
3.82 per kilometre (from 1 March 2021). kilometres AND the prescribed rate per kilometre AND no other compensation is paid to the employee. the prescribed rate per kilometres OR any other compensation is paid to the employee.

What is the mileage rate for 2021?

More In Tax Pros

Period Rates in cents per mile Source
Business
2021 56 IR-2020-279
2020 57.5 IR-2019-215
2019 58 IR-2018-251

How do I calculate my car cost per mile?

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.

How do I calculate mileage 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.).

What does AA Kenya deal with?

We promote and safeguard the interests of motorists through a broad range of services to include: roadside assistance; information and advise about the purchase, maintenance and repair of vehicles; negotiation of attractive insurance premiums.