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Today's Terms
Standard Mileage Rate
Definition:
For 2004, the standard mileage rate for the cost of operating your car, van, pickup, or panel truck is increased to 37.5 cents a mile for all business miles.
Dependent
Definition:
A person, other than the taxpayer or spouse, who entitles the taxpayer to claim a dependency exemption.
Employee
Definition:
Works for an employer. Employers can control when, where, and how the employee performs the work.
More Taxation Terms >
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