Uber

tw · 05-11-2019, 05:21 PM

A ten mile Uber trip might cost $15. Of that, Uber might take $5 or $8. A typical cost of driving ten miles would be greater than what the Federal Government let's you deduct - $5.80. So how much did that driver make in that half hour? Probably less than minimum wage.

How many have no idea how great their expenses and how trivial their profit margin? But then most without a grasp of the arithmetic only see cash. Cash flow rich and income poor. A common problem among those as arithmetically challenged as casino gamblers and consumers of lottery tickets.

Undertoad · 06-01-2019, 08:51 AM

Quote:

Originally Posted by tw

A ten mile Uber trip might cost $15. Of that, Uber might take $5 or $8. A typical cost of driving ten miles would be greater than what the Federal Government let's you deduct - $5.80. So how much did that driver make in that half hour? Probably less than minimum wage.

I just found out what almost all rideshare drivers already understand:

The driver deducts that $5.80!!

The car is being used for business purposes!!

NOW how much did the driver make?

05-11-2019, 05:21 PM	#1
tw Read? I only know how to write. Join Date: Jan 2001 Posts: 11,933	A ten mile Uber trip might cost $15. Of that, Uber might take $5 or $8. A typical cost of driving ten miles would be greater than what the Federal Government let's you deduct - $5.80. So how much did that driver make in that half hour? Probably less than minimum wage. How many have no idea how great their expenses and how trivial their profit margin? But then most without a grasp of the arithmetic only see cash. Cash flow rich and income poor. A common problem among those as arithmetically challenged as casino gamblers and consumers of lottery tickets.

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)