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What you should be earning in wages :-
From the ATO website
https://www.ato.gov.au/Business/Sma...R-Z/Taxi-drivers-and-operators---issued-2015/
End of find out more
Input benchmark - sales turnover
You can use this benchmark to:
Total kilometres travelled during year
150,000
Cents per kilometre rate - 2013
$1.30
Total fares (kilometres x CPK rate)
$195,000
Total shifts worked during year
500
Bailment arrangement (average percentage of total fares)
50%
Income from bailment (at 50% of total fares)
$97,500
Income guide - taxi drivers
Average shifts worked during year
225
Average kilometres per shift
300
Total kilometres travelled during year (average shifts x average kilometres travelled)
67,500
Cents per kilometre rate - 2013
$1.30
Total fares per shift (average km per shift x CPK rate )
$390
Total fares (total fares per shift x average shifts)
From the ATO website
https://www.ato.gov.au/Business/Sma...R-Z/Taxi-drivers-and-operators---issued-2015/
End of find out more
Input benchmark - sales turnover
You can use this benchmark to:
- calculate your income
- compare your income against the taxi industry average
- check that records accurately reflect your income.
Total kilometres travelled during year
150,000
Cents per kilometre rate - 2013
$1.30
Total fares (kilometres x CPK rate)
$195,000
Total shifts worked during year
500
Bailment arrangement (average percentage of total fares)
50%
Income from bailment (at 50% of total fares)
$97,500
Income guide - taxi drivers
Average shifts worked during year
225
Average kilometres per shift
300
Total kilometres travelled during year (average shifts x average kilometres travelled)
67,500
Cents per kilometre rate - 2013
$1.30
Total fares per shift (average km per shift x CPK rate )
$390
Total fares (total fares per shift x average shifts)