BUSINESS VEHICLE
PROGRAMS 101:
TAKING OWNERSHIP OF EMPLOYEE DRIVING
CONTENTS
1 | Introduction
--------------------------------------------------------------------------------------------------- 1
2 | Allowance ------------------------------------------------------------------------------------------------------- 3
3 | Cents-Per-Mile (CPM) -------------------------------------------------------------------------------------- 6
4 | Company-Provided Vehicle Program -------------------------------------------------------------- 9
5 | Fixed and Variable Rate (FAVR) Reimbursement -------------------------------------------- 12
6 | Conclusion --------------------------------------------------------------------------------------------------- 15
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