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Since Uber drivers are independent contractors you need to account for the extra ~7.6% Social Security and Medicare tax they will have to pay when comparing it
by pmorici 8y ago
Since Uber drivers are independent contractors you need to account for the extra ~7.6% Social Security and Medicare tax they will have to pay when comparing it on a $/hr basis to w-2 jobs.
If they are also paying Uber drivers for their time in addition to their per mile vehicle costs then having a per mile cost in line with the cost to operate the vehicle is fine but when I looked into it ~5 years ago they charged the rider per mile driven and per minute of standing and then gave the driver a cut of that.