Asset Liquidator
Gig earnings minus IRS-anchored true vehicle cost ($0.67/mi).
Dual dial reveals how much of the car you sold for today's gig income.
Gross pay is a flattering number. The IRS standard rate anchors what driving actually costs (fuel + depreciation + insurance + repairs + tires). Subtract it.
Part of: Saving & Spending Calculators
Quick answer
Dual dial reveals how much of the car you sold for today's gig income.
Key points
- ▸ IRS 2024 standard mileage rate: $0.67/mi.
- ▸ Real profit = gross pay − (miles × $0.67).
- ▸ Net-worth impact % = real profit ÷ gross pay.
- ▸ Negative real profit = you sold car equity at a loss.
Examples
- $220 gross, 180 miles, 8hTrue cost $120.60. Real profit $99.40. Real hourly $12.42/hr. Net impact 45%.
- $150 gross, 200 milesTrue cost $134. Real profit $16. Net impact 11%.
When to use which tool
- Asset LiquidatorMain tool — dual-dial earnings vs impact.Compare gig earnings with the estimated vehicle wear created by the miles driven.
- Gig Net FloorSame math, minimum-wage comparison.What DoorDash or Uber actually pays after IRS mileage depreciation — real hourly vs the minimum wage floor.
- Minimum Viable RateIf considering switching to invoiced work.The absolute minimum hourly rate to match a corporate salary after self-employment tax, benefits, and non-billable time.
Related
- Asset LiquidatorCompare gig earnings with the estimated vehicle wear created by the miles driven.
- Gig Net FloorWhat DoorDash or Uber actually pays after IRS mileage depreciation — real hourly vs the minimum wage floor.
- Minimum Viable RateThe absolute minimum hourly rate to match a corporate salary after self-employment tax, benefits, and non-billable time.
- Time PovertyReal hourly wage after transit time (uncompensated labor) and transit cost eat into shift earnings.
Frequently asked questions
› Can I track actual costs instead? Trust & accuracy
Yes — sum your fuel, maintenance, and depreciation and divide by miles. IRS rate is a strong default.
› Are tolls included?
Deduct tolls separately from gross pay; IRS rate covers the vehicle, not road fees.
› How should I use this guide with a Kefiw tool? How-to
Use the guide as the plan and the linked Kefiw tool as the check. Read the steps first, try the move manually, then use the tool to compare outputs, catch edge cases, and decide whether the result actually fits your task.
› What mistake do tool guides help avoid? Troubleshooting
Tool guides help avoid using a utility mechanically without understanding what you are trying to accomplish. Most word, writing, and text utilities are fast, but speed can hide context mistakes. Know whether you are solving a puzzle, cleaning copy, drafting a line, or checking a rule.
› Can a tool guide help me learn the skill? How-to
A tool guide can help you learn if you pause before accepting the output and ask why it worked. Compare your first guess with the tool result, look for the rule or pattern, and repeat that review. Passive copying solves one task; active review builds the skill.