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by _lm_ 3625 days ago
Last I checked, most places reimburse you about 50 cents/mile for vehicle depreciation and gas. Let's assume drivers pay 15% in taxes, just to make the math easy.

$1 - 20 cents for Uber - 15 cents for taxes - 50 cents for fuel/depreciation = 14 cents.

18 cents - 4 cents for Uber - 3 cents for taxes = 11 cents.

So drivers net 14 cents/mile plus 11 cents/minute.

1 comments

You don't pay taxes on your expenses, so it would b 15 % of 0.70=$0.11 for taxes, meaning they would get ~$0.18 per mile after tax based on your assumptions. But fuel is cheaper is some areas, and if you do basic maintenance on your vehicle yourself (change the oil, etc) you can save some that way.