Enter the miles driven into the Calculator. The calculator will evaluate the Car Allowance.
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Car Allowance Formula
FCA = M * .656
Variables:
- FCA is the Car Allowance ($)
- M is the miles driven
To calculate Car Allowance, multiply the miles driven by .656.
How to Calculate Car Allowance?
The following steps outline how to calculate the Car Allowance.
- First, determine the miles driven.
- Next, gather the formula from above = FCA = M * .656.
- Finally, calculate the Car Allowance.
- After inserting the variables and calculating the result, check your answer with the calculator above.
Example Problem :
Use the following variables as an example problem to test your knowledge.
miles driven = 500
