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Instructions
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1. Go to "File"
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2. Select "Make a Copy." (Google Sign-in Required). On Mobile, click on the pencil icon in the upper right corner to download the Google sheet and edit in the Google Sheet app. Once in the Google Sheet app, click on the three dot menu in the upper right corner. Go to "Share & export" and click "Make a copy."
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How to use the calculator
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Enter your data in the yellow fields only.
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Select "Individual" or "Family" to change standard deduction amount.
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Other Expenses: Phone, Car Wash, Toll Tax, Split Fare, Safe Ride Fee, Misc., City Fee, Airport Fee, Booking Fee
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IndividualFederal Tax RateTaxable IncomeTax
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Gross Income$90,0000 - $952510%$6,250$625
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Uber, Lyft, etc. Commission$16,000$9,526 - $38,70012%$0$0
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20% Pass-Through Deduction$18,000$38,701 - $82,50022%$0$0
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Standard Deduction$12,000
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Adjusted Gross Income$44,000Mileage Rate
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Mileage Expenses$26,750$0.535
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Other Expenses*$11,000Miles Driven
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Net Income$6,25050,000
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Federal Tax$625
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Social Security Tax$775SS Tax RateMedicare Tax Rate
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Medicare Tax$18112.40%2.90%
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Total Tax$1,581
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Note: This is just a simple calculator to see an estimate of your taxes with standard deductions. I'm not a tax expert or a professional CPA.
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Created by Bikram Bhangoo(www.ridesharingforum.com)
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