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In article ,
"Neil Gould" wrote: WHAT! If there are 4 the pro rata share of $100=$25. If there are 100 the pro rata share is $1. pro ra·ta (pro ra't?, rä'-, rat'?) adv. In proportion, according to a factor that can be calculated exactly. Your generalized application of the term "pro rata" does not account for the 50% requirement. For example, one could easily "calculate exactly" 20% of the cost of a flight, but if that is all a private pilot pays, then the FAA is likely to consider the other 80% paid compensation. where is this "50%" requirement? -- Bob Noel (goodness, please trim replies!!!) |
#2
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I think the 50% was just made up and repeated.
Expenses for a trip that can be shared by a private pilot generally are limited to aircraft expenses. Such things a rental cars and hotels are not considered. A private pilot who is an salesman can take sales literature and merchandise. Most companies and the IRS will limit reimbursements to a standard car mileage rate. A CPA/attorney and consultation with the FAA in your region would be a good idea before you make the flights. "Bob Noel" wrote in message ... | In article , | "Neil Gould" wrote: | | WHAT! If there are 4 the pro rata share of $100=$25. If there are 100 | the pro rata share is $1. | | pro ra·ta (pro ra't?, rä'-, rat'?) | adv. | In proportion, according to a factor that can be calculated exactly. | | Your generalized application of the term "pro rata" does not account for | the 50% requirement. For example, one could easily "calculate exactly" | 20% of the cost of a flight, but if that is all a private pilot pays, then | the FAA is likely to consider the other 80% paid compensation. | | where is this "50%" requirement? | | -- | Bob Noel | (goodness, please trim replies!!!) | |
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