BIK is charged as follows:
ANNUAL BUSINESS MILEAGE NOTIONAL CASH VALUE (% OF OMV)
0 – 15,000 Miles .......................................30%
15,001 – 20,000 .........................................24%
20,001 – 25,000 .........................................18%
25,001 – 30,000 .........................................12%
30,001 AND ABOVE ...............................6%
OMV is the original market value.