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Tax-free commuter benefits, also known as qualified transportation fringes, are employer provided voluntary benefit programs that allow employees to reduce their monthly commuting expenses for transit, vanpooling, bicycling, and work-related parking costs. The benefit is a federal tax benefit authorized under the Internal Revenue Code Section ...
The state Department of Finance reported in its April finance bulletin that California’s fiscal year-to-date revenues were $5.8 billion or 4% below forecast as of March.
The business mileage reimbursement rate is an optional standard mileage rate used in the United States for purposes of computing the allowable business deduction, for Federal income tax purposes under the Internal Revenue Code, at 26 U.S.C. § 162, for the business use of a vehicle. Under the law, the taxpayer for each year is generally ...
In each metro area we studied, drivers earn well below the minimum wage. In California, for example, rideshare passenger drivers for companies like Uber and Lyft take home $7.12 per hour in median ...
California no longer bans state-funded travel to more than half of the country. Gov. Gavin Newsom on Wednesday signed Senate Bill 447 into law, ending the seven-year-old travel ban that prohibited ...
California Assembly Bill 5 or AB 5 is a state statute that expands a landmark Supreme Court of California case from 2018, Dynamex Operations West, Inc. v. Superior Court ("Dynamex"). [1] In that case, the court held that most wage-earning workers are employees and ought to be classified as such, and that the burden of proof for classifying ...
The Central Coast saw more than $9.3 billion in total travel spending in 2023, the report said, with about $8.9 billion of that coming from visitors. That resulted in 87,820 jobs and $885 million ...
The economy of the State of California is the largest in the United States, with a $3.94 trillion gross state product (GSP) as of 2023. [8] It is the largest sub-national economy in the world. If California were a sovereign nation (2024), it would rank in terms of nominal GDP as the world's fifth largest economy, ahead of India (3.937 trillion).