IRS rate definition

IRS rate above means the Internal Revenue Service mileage rate for use by taxpayers computing the value of the use of a vehicle.
Sample 1Sample 2Sample 3
IRS rate means the Internal Revenue Service mile- age rate for use by taxpayers computing the value of the use of a vehicle.
Sample 1Sample 2Sample 3

Examples of IRS rate in a sentence

  • Paraeducators who use their private automobiles for job-demanded intradistrict travel authorized by the Superintendent or the Superintendent's designee for assigned duties shall be reimbursed at the current IRS rate.

  • Compensation for vehicle mileage pay shall be made at the "IRS" rate per mile.

  • An employee who is called back to work and uses his/her personal vehicle to return to the work site shall be reimbursed for miles driven at the applicable IRS rate.

  • Faculty members required to use their personal automobile in the course of their work to drive between buildings or authorized business of the school district, shall receive mileage payments at the I.R.S. rate per mile for mileage driven when itemized on the prescribed travel claim form.

  • These include fees fixed by law or assessed by public agencies, messenger and other delivery fees, out of office copying/reproduction costs, and travel costs (including mileage charged at the standard IRS rate, parking, transportation, meals and hotel costs, if applicable), and other similar items.

  • Where a monitor is eligible for paid mileage, such mileage shall be at the IRS rate that is in effect on the date of travel (the IRS rate changes annually in January).

  • The Board agrees to reimburse any bargaining unit member for necessary and actual round-trip mileage from the bargaining unit member's home to the location of the hearing (at the IRS rate in effect at the beginning of the fiscal year as documented on a form provided by the Board) as well as any necessary and actual parking fees incurred by the bargaining unit member (and documented by a receipt) in which the member is summoned in a professional capacity.

Related to IRS rate

  • CMS Rate means the applicable swap rate for swap transactions in the Reference Currency with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Relevant Screen Page as at the Specified Time on the relevant Interest Determination Date in question, all as determined by the Calculation Agent.

  • Federal Funds Rate means, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the Administrative Agent.

  • Fed Funds Rate means, for any period, a fluctuating interest rate (expressed as a per annum rate and rounded upwards, if necessary, to the next 1/16 of 1%) equal for each day during such period to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rates are not so published for any day which is a Business Day, the average of the quotations for such day on such transactions received by BNPLC's Parent from three Federal funds brokers of recognized standing selected by BNPLC's Parent. All determinations of the Fed Funds Rate by BNPLC's Parent shall, in the absence of clear and demonstrable error, be binding and conclusive upon NAI.

  • Adjusted LIBO Rate means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.