TownieDeac
words are futile devices
- Joined
- Mar 16, 2011
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Here are the caveats to that figure:
Here’s what the latest report found:
• Uber drivers typically collect $24.77 per hour in passenger fares.
• From that, Uber takes $8.33 in commissions and fees, about a third of all passenger fares.
• Vehicle expenses like gas and maintenance cost drivers about $4.87 per hour, Mishel determined, even after taking into account their tax deductibility.
• That leaves drivers with $11.77 per hour, from which they pay $0.90 in extra Social Security and Medicare taxes, because they are self-employed.
• If drivers don’t pay for health insurance or contribute to a retirement plan, they can take home $10.87 per hour.
• If they do want to purchase some basic benefits, their take-home pay would come out to about $9.21 per hour.
Here’s what the latest report found:
• Uber drivers typically collect $24.77 per hour in passenger fares.
• From that, Uber takes $8.33 in commissions and fees, about a third of all passenger fares.
• Vehicle expenses like gas and maintenance cost drivers about $4.87 per hour, Mishel determined, even after taking into account their tax deductibility.
• That leaves drivers with $11.77 per hour, from which they pay $0.90 in extra Social Security and Medicare taxes, because they are self-employed.
• If drivers don’t pay for health insurance or contribute to a retirement plan, they can take home $10.87 per hour.
• If they do want to purchase some basic benefits, their take-home pay would come out to about $9.21 per hour.