If you are paid per mile, how does income tax work?
Discussion in 'Questions From New Drivers' started by Trucu, Aug 16, 2014.
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Depends which company, type of freight etc.
Taxes depends on your deductions. -
A lot of variables , and how your company pays , if they pay part of milage as perdiem or just ¢ per mile ect, you may average up to 2000 miles week or a bit more/less , tax likely about 275/325 week hope this helps
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Haven't you asked this question like 50 times? Paid miles x pay per mile = gross income - taxes = net income
It's difficult to answer as idk who many exceptions you claim, how you file, what you pay per mile is (loaded & deadhead), team or solo driving, If you decide to train, if you lease, if you run for an oo, what your planned average mileage will be, how many times you go home, if you do per diem, what your companies stop pay is, companies detention pay is, how many times you get held up....
You seem like you want a spot on number saying exactly what you'll make.... but that is nearly impossible.
Here's a basic idea 2500mi X 30 cpm = 750 weekly pay (pretty much a mega carrier basic) now subtract taxes and multiply by about 43 (43 being 43 weeks of you working and not on hometime)bigdogpile Thanks this. -
what does income tax have to do with paid by mile?
income tax works. the same. no matter how you get paid.
tax is tax. -
snowwy Thanks this.
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Is that 43 weeks with no weekends off?
How you go to the oil fields and make big money after just 8 months of experience? -
why is it that all you want and expect to make big money when your commercial license is still in paper form.
you all want to be a truck driver, but you don't want to drive a truck. you just want that money. with no experience. -
No offense, but seeing as how you p'd off some peeps who try to help truck drivers either ##### or get off the pot. You ain't gonna get rich quick doin this but if you're SERIOUS you can get paid and Uncle Sam will get his, too. Driving a truck isn't a job for an indecisive individual. Wannabe since '12 leads me to question your seriousness.
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the only way to know is get your cdl and get in a truck and keep that left door closed. Then you will know how you need to run in order to make a percieved amount
Bandaid Thanks this.
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