Uber X LA. Pays $1.10 A mile auto which, charges 20% commission government charges 40% income tax, Then they have, gas ,car washes ,breaks, car payment any Insurance, which drops the per mile ratio 230 c. Finally you have where and tear, which means theyre losing 25 to 30c Per mile........... Sent from my iPhoneIncome Tax Bracket (No, you don’t get to keep all that money) If you work, you’re going to have to pay taxes. The government takes a good chunk of your precious paycheck, on both the federal and state levels. That’s right. You get taxed twice. And then you have to pay for Social Security (govt. sponsored retirement). This means that what you thought you’d be making…you’re not. Here they are: STATE TAXES: This changes from state to state. For this project, you will use a state tax of 9.3%, unless you happen to live in one of the states where there is no state income tax. BUT, for the purposes of this project, you will have to pay state income taxes. So you’ll need to find 9.3% of whatever your TAXABLE INCOME is and deduct that from your total. Example: If you make $50,000 a year, you would pay (.093)(50,000) or $4,650 in state taxes. So instead of $50,000, you’re down to $45,350 Social Security: This is government funded retirement income; everyone has to pay it so when you get old and can’t work anymore, you still have money. So you pay a little out of your paycheck while you are working now! For our purposes, you will pay 7.5% on your yearly TAXABLE INCOME. Example: If you make $50,000 a year, you would pay (.075)(50,000) or $3,750 FEDERAL INCOME TAX: This is the big chunk and most complicated! So, Bewar The more money you make, the more you pay! Here is the basic idea and way to calculate your federal taxes. First, take your gross salary and subtract your deductions (this depends on each individual person such as single, married, children, no children) and personal exemptions to get your TAXABLE INCOME. This number is what the government taxes you on. Use the following table to figure your tax bracket and how much you will pay in taxes: (seefairmark/refrence/index.htm#keytax) First, complete these questions to calculate YOUR TAXABLE INCOME: 1. What is your gross salary?__________________ 2. Are you married?__________________ 3. Personal Exemptions: If YES, enter $7,300. If NO, enter $3,650. __________________ 4. Standard Deductions: i. Single, enter $5,700 ii. Married, enter $11,400 iii. Head of Household, enter $8,350__________________ 5. Total Items #3 & #4_________________ Dependents (Children) (do this section only if you have children) 6. How many children do you have?_______________ 7. Dependent: Personal Exemption Multiply answer (6) by $3,650 and enter_________________ 8. Dependent: Standard Deduction Multiply answer (6) by $950 and enter_______________ 9. Total Items 7 & 8_______________ 10. Total Deductions:Add Items #5 & #9_______________ 11. Taxable Income: Subtract Item #10 (Total Deductions) from Item #1 (Gross Salary) ii. Your Taxable Income Use this Chart if you are SINGLE (Not Married) and no children Based on 2009 tax rate for SINGLE income earners. If married, See MARRIED FILING JOINTLY chart! Taxable Income is over But not over… The tax is… Plus Of the amount over… $0 $8,350 $0 10% $0 $8,350 $33,950 $835 15% $8,350 $33,950 $82,250 $4,675 25% $33,950 $82,250 $171,550 $16,750 28% $82,250 $171,550 $372,950 $41,754 33% $171,550 $372,950 $108,216 35% $372,950 For example, if you earn $80,000 a year. Taxable Income: $80,000 - $9,350 (Deductions) = $70,650 You are in the 25% tax bracket! You pay $4,675 in taxes plus 25% of the amount over $33,950 which is $70,650 - $33,950 = $36,700. Now multiply .25 times $36,700 = $9,175 Federal Taxes you pay: $4,675 .25($31,000)= $9,175 $13,850 Federal Taxes you pay Use this Chart if you are MARRIED. Married Filing Jointly Taxable income is over But not over The tax is Plus Of the amount over $0 16,700 $0.00 10% $0 16,700 67,900 1,670.00 15% 16,700 67,900 137,050 9,350.00 25% 67,900 137,050 208,850 26,637.50 28% 137,050 208,850 372,950 46,741.50 33% 208,850 372,950 100,894.50 35% 372,950 For example, if you and your spouse earn $145,000 combined with no children. Taxable Income: $145,000 - $18,700 (Deductions) = $126,300 You are in the 25% tax bracket! You pay $9,350 in taxes plus 25% of the amount over $67,500 which is $126,300 - $67,500= $58,800. Now multiply .25 times $58,800 = $14,700 Federal Taxes you pay: $9,350 .25($58,800)= $14,700 $24,050 Federal Taxes you pay Bringing It All Together…. For your Personal Finance Page, you will need to show the calculations you made for your salary. This includes showing ALL your work. A chart like the one I just showed you should be made for the federal income tax, computing the total amount to be deducted. Then you need to figure out what percentage that is of your entire salary. (Don’t Forget this!) You also need to show your work for computing the State Taxes and Social Security. This should look professional and neat! No pencil scratching. Show your work and then put it in a table and maybe even display it as a pie graph. As you can see, what you earn is not what you get to take home! Try it yourself on the space below. If you figured them out, you’re ready to go. The final product will be graded on presentation and accuracy, so double check your work. If you calculate your taxes wrong, the IRS (Mr. Holmes and Mrs. Hetrick) will levy tax penalties! Tax Calculation Worksheet Your Salary: minus $________ = Your taxable income Deductions Federal Tax:divide by12__________ See Tax Rate Chart! Find your tax bracket and see amount you pay and then calculate the amount over the bottom amount to add to the tax you pay…. State Tax:divide by12_________ Social Security Tax:divide by 12________ Net Income: (Salary – All Taxes) ***Note: The above figures will each need to be divided by 12 to put into your Personal Monthly Budget! On Dec 18, 2014, at 9:30 AM, vardkes Karibyan wrote: And I will be mentioning every name that has giving me advice, after which Ive gotten hurt or lost. And I will glass to your supervisor personally, I wont stop till you guys are bankrupt On Dec 18, 2014, at 9:24 AM, vardkes Karibyan wrote: Like I said I will not be excepting trips that I feel uncomfortable taking, and I will not ask your permission if I could do it or not, and if I am forced off the platform I will go through the law to make sure that nobody goes through what Im going through. Also I will not except trips that are bad for business that I lose money on. If I am forced to do so, then will be forced to talk to the DA. And believe me I wont hesitate. On Dec 18, 2014, at 12:25 AM, Solomon Howard (Uber Partner Support) wrote: ##- Please type your reply above this line -## Your request (15974851) has been updated. To add additional comments, reply to this email. Solomon Howard (Uber) Dec 18 00:25 Hello Vardkes, I am sorry to hear about that. If you ever feel that you safety is at risk please alert the local police authority. If you have to cancel or not accept a trip due to you feeling uncomfortable, please just email us and let us know. We can then assist you with that. Your Safety is very important to us, and we want to help keep you comfortable while you operate in the platform. Solomon Community Operations Manager uber/sf Vardkes Karibyan Dec 17 23:27 > On Dec 17, 2014, at 10:58 PM, Solomon Howard (Uber Partner Support) wrote: > > > > ##- Please type your reply above this line -## > Your request (15974851) has been updated. To add additional comments, reply to this email. > > Solomon Howard (Uber) > Dec 17 22:58 > > Hello Vardkes, > > Are you emailing to report an incident? I tried giving you a call earlier, but you were not available. > > Solomon > > Community Operations Manager > uber/sf > > Vardkes Karibyan > Dec 14 22:42 > > If you forced me to pick up people that I dont feel comfortable picking up. And I get hurt I promise you it wont be a pretty sight > image.png > > Attachment(s) > image.png > > This email is a service from Uber. > Message-Id:VVZV8CD4_54927b113b512_3ed13f9166acd3204352f1_sprut image.png Attachment(s) image.png Vardkes Karibyan Dec 17 23:25 No I keep getting emails that say I will be deactivated if I dont except all the trips given to me, that happened The picture that you see was because I picked up a call that I was not comfortable with while waiting for my rider I was attacked, I was lucky they didnt kill me . The riders never came out I was forced to cancel the trip im not sure the people that attacked me were looking for money or were just drunk. So I wouldnt know who the complaint would be against because the people that attacked me took off,, so once again I will not except trips that I feel are too dangerous for me, or I lose money on, I determine what dangerous for me by the neighborhood that Im going into, and or rating the person has. Attachment(s) image.png Solomon Howard (Uber) Dec 17 22:58 Hello Vardkes, Are you emailing to report an incident? I tried giving you a call earlier, but you were not available. Solomon Community Operations Manager uber/sf Vardkes Karibyan Dec 14 22:42 If you forced me to pick up people that I dont feel comfortable picking up. And I get hurt I promise you it wont be a pretty sight image.png Attachment(s) image.png This email is a service from Uber. Message-Id:VVZV8CD4_54928f8ba0590_43c13fc07e2cd40858067_sprut
Posted on: Fri, 16 Jan 2015 06:04:53 +0000
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