Platform 1
How to Use This Calculator
- Add your gig platforms and their earnings
- Enter hours worked and number of trips/tasks
- Include tips and platform fees
- Add platform-specific expenses
- Set your tax rate and savings goals
- View detailed income analysis and efficiency metrics
How Gig Economy Income Calculator Works
This calculator helps you analyze your income from gig platforms.
Total Income = Sum of Platform Earnings + Other Income
This is the total amount of income you earn from gig platforms and other sources.
Platform Earnings = Gross Earnings + Tips - Platform Fees - Expenses
This shows the net earnings from each platform after accounting for fees and expenses.
Platform Fees = Gross Earnings × Platform Fee Percentage
This shows the percentage of earnings that are paid out as platform fees.
Net Income = Total Income - Total Costs - Estimated Tax
This shows the net income after deducting estimated taxes and other costs.
Average Hourly Rate = Net Income / Total Hours
This shows the average hourly rate of income earned per hour worked.
Average Per Trip = Net Income / Total Trips
This shows the average income earned per trip or task completed.
Tip Percentage = (Total Tips / Total Earnings) × 100%
This shows the percentage of earnings that are tipped.
Annualized Income = Period Income × Period Multiplier
This shows the annualized income based on the income period.