Twelve bucks? That’s … Probably not a livable wage with cost of operating a vehicle. Let’s assume you do four of those in an hour for 8 hours, that’s 32 jobs a day, grossing 8 hours a day for $384/day and just under 100k/y… But you have overhead. You have to pay for the vehicle and it’s operating and insurance costs, and your own operating costs and insurance. If you live in any sort of American wider metro, 100k alone isn’t cutting it.
So let’s say you drive 6 miles per $12 on average. Operating a new car for a business is about $0.76/mile, so you subtract $4.56 of your $12 right off the bat, leaving you with $7.44/job.
That doesn’t include accidents or your tax, either. Let’s assume you get in one medium accident a year and you have minimal insurance. You pay out of pocket for your own repairs glhf.
Now you also pay 15.3% tax on your earnings because you aren’t an employee and Uber says to go fuck yourself. So on your 100k a year, you pay another $15,275 in tax.
That leaves you $46,625/year, driving full time.
If you bought the car on a loan, you make negative money.
If you get in an accident, you make negative money.
For full time.
Enjoy.
Good luck eating or paying 36k a year for an apartment.
Twelve bucks? That’s … Probably not a livable wage with cost of operating a vehicle. Let’s assume you do four of those in an hour for 8 hours, that’s 32 jobs a day, grossing 8 hours a day for $384/day and just under 100k/y… But you have overhead. You have to pay for the vehicle and it’s operating and insurance costs, and your own operating costs and insurance. If you live in any sort of American wider metro, 100k alone isn’t cutting it.
So let’s say you drive 6 miles per $12 on average. Operating a new car for a business is about $0.76/mile, so you subtract $4.56 of your $12 right off the bat, leaving you with $7.44/job.
That doesn’t include accidents or your tax, either. Let’s assume you get in one medium accident a year and you have minimal insurance. You pay out of pocket for your own repairs glhf.
Now you also pay 15.3% tax on your earnings because you aren’t an employee and Uber says to go fuck yourself. So on your 100k a year, you pay another $15,275 in tax.
That leaves you $46,625/year, driving full time.
If you bought the car on a loan, you make negative money.
If you get in an accident, you make negative money.
For full time.
Enjoy.
Good luck eating or paying 36k a year for an apartment.
Those numbers aren’t accurate. Used to have to Uber to a job 10 minutes up the road and after talking to a few guys they made about $20 off me.
From my understanding Uber is basically 15-20 an hour in my area at least. That’s a pretty typical wage. Can’t speak for everywhere though.