Intermediate Algebra

| January 21, 2016

The Internal Revenue Service (IRS) standard mileage rate is a way of computing an automobile expense deduction on a tax return when the vehicle is used for business purposes. The information in the data table provides the mileage rate in cents per mile for various years since 1999. Let M (t) be the standard mileage rate in cents per mile at t years since 1999. http://www.irs.gov/Tax-Professionals/Standard-Mileage-Rates/ (Links to an external site.)

year

Mileage rate

(cents/mile)

1999

31

2002

37

2005

41

2007

49

2011

51

2014

56

Fill in this input/output table with columns labeled with variable, units and description.

years after

Mileage Rate (cents/mile)

31

37

41

49

51

56
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