But after Uber took its cut and his driving expenses were accounted for, his profits fell to about $20,000.
How commissions and driving expenses reduce drivers' profitsOf Ceran's roughly $83,000 in total business expenses, $38,000 consisted of Uber's booking and service fees — effectively the commission the company takes from drivers' earnings.
After accounting for Uber's commission — and before expenses — Ceran saw as much as $65,000 in Uber income enter his bank account in 2023.
The $44,000 deduction was an estimate for tax purposes, so it's possible his true vehicle expenses weren't quite that high.
His first year driving Uber, 2016, was more eventful than anticipated: He got caught in Hurricane Matthew while driving in Norfolk, Virginia.
Persons:
—, Ceran, Kia Forte, Uber, he's, they're, Lisa Greene, Lewis, Greene, — Ceran, he'd
Organizations:
Service, Business, BI
Locations:
Virginia, Hurricane, Norfolk , Virginia