Kefiw

Archived noindex page. Kefiw's public focus is Property decision help.

Archived page

This older Kefiw page is kept for reference, marked noindex, and removed from the primary sitemap. The current Kefiw experience is focused on property decisions: cost, quotes, damage, buying, selling, owning, and packets.

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Gig Net Floor

Your real hourly after IRS mileage cost — minimum wage sanity check.

Operating cost = miles × $0.67 (2024 IRS standard rate — captures gas + maintenance + depreciation, not just gas). Real hourly = (gross − operating cost) ÷ hours. If real hourly is below federal or local minimum wage, you are trading car equity for app cash.

Part of: Saving & Spending Calculators

Start below
Fields marked optional can be skipped; results update as you type
GIG_NET_FLOOR
Real hourly after gas + mileage depreciation (IRS standard)
$
$
$
MIN$12.73REAL/HR
TRUE EARNINGS
BELOW LOCAL MIN
Net is below the minimum wage floor ($15.00/hr). You are trading car equity for app cash.
Gross / hr
$23.33/hr
Operating Cost
$63.65
Real Profit / shift
$76.35
Monthly Net
$1,322.38
Gas Used (est.)
$13.30
▸ METHODOLOGY
Operating cost = miles × $0.67 (2024 IRS standard mileage rate, capturing gas + maintenance + depreciation). Real hourly = (gross − operating cost) ÷ hours. The IRS rate is conservative for high-mileage vehicles but represents long-run true cost — not just gas. Gas price is shown for sanity-check only; it is already inside the IRS figure.

How to use

  1. Enter Gross Pay for the shift, Miles Driven, and Hours Worked.
  2. Set Gas Price and Local Minimum Wage for sanity checks.
  3. The dial shows real hourly vs the minimum wage floor.

Examples

$140 / 95mi / 6hr shift
Operating cost $63.65 → real profit $76.35 → $12.73/hr. Above federal min, below $15 local min.

Before you trust the result

Check the inputs that matter most: dates, rates, units, costs, and any optional fields you skipped. A calculator can only work with the numbers entered here, so use the result as a decision check rather than a final answer when money, health, tax, legal, or safety consequences are involved.

If the result feels surprising, change one input at a time and watch which number moves. That usually shows the real lever behind the decision.

Next up

Gig net too low? Set the rate floor that actually covers your life.Minimum Viable Rate → Car eating your gig income? Run the liquidation math.Asset Liquidator →

Frequently asked questions

› Why IRS $0.67 and not just gas? Troubleshooting

Because your tires, oil, brakes, and the car itself all wear per mile. The IRS rate is the closest thing to a true per-mile cost.

› Does this count tips?

Include tips in Gross Pay. The tool doesn't distinguish sources.

Tips & related reading

See the Saving & Spending Calculators hub →

Tips & how-tos

Relevant links

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