02/20/2012
				
Employers that use the standard mileage rate to value employees’  personal use of company vehicles are restricted to supplying them with  vehicles of modest value. For 2012, the value of company cars that  qualify for the standard mileage valuation method is $15,900.				
			 
			
02/19/2012
				
Q. A new employee was mistakenly paid through Accounts Payable for  January, so no federal or state taxes were withheld from his pay. It’s  still early in the year, so we’d like to take out the taxes that should  have been withheld from later wage payments. But we don’t want to leave  him with no net pay. According to our calculations, it should take us  two months to withhold the additional taxes. Is this OK?