who's delivering pizzas!?

[GenkiElite]

I think some of you missed the point of half of that 15 hr being cash. Now I'm sure we would all like to think its all being reported but it isn't.

[velocity]

Hey, I see lots of people with low-paying jobs driving nicer cars than me.
And i'm a doctor. Just sayin.

[Allch Chcar]

I love how a thread about delivering pizzas turned into yet another financial discussion.

Originally Posted by GenkiElite

I think some of you missed the point of half of that 15 hr being cash. Now I'm sure we would all like to think its all being reported but it isn't.

Yeah, there is a specific option for reporting tips on income taxes. So what you are suggesting is still illegal.

[slizoth]

Yes in finance terms a car will only lose value, if you're number one concern is making good financial decisions you will never buy a new car.

I personally value experiences, traveling, outdoor activities, team sports, friends, and yes, driving a new BRZ which I love. If I were in any job, pizza delivery or other that required routine driving, I would absolutely buy this car all over again. That being said, I think work has to pay per mile to cover maintenance or provide you with a delivery vehicle, my 2cents.

[Snoopyalien24]

Originally Posted by engee

Let's do some math shall we.

$15 x 40 hours = $600 a week

Government takes about 25% for income tax (depends on bracket though):

After tax, we get:

$600 x 75% = $450

To keep things simple, let's say there are 4 weeks in a month.

$450 x 4 = $1,800 a month is your monthly income.

Now, I hope you are a fiscally smart individual and will save at least 10% of your paycheck.

$1,800 x 90% = $1,620.

MSRP of FR-S: $24,930

I know some states have no tax, but in NJ there is 7% tax. So let's take the median of 3.5%.

$24,930 x 103.5% = $25,803

Per finance.yahoo.com, average auto loan interest rate is 3.65%.

Let's suppose you finance the full amount, monthly payments with that interest rate for 60 months will make your monthly payments $472.

$1,620 - $472 = $1,148

Depending on your insurance, you could possibly pay anywhere from $50 - $200 a month.

Let's take the higher rate.

$1,148 - $200 = $948

Now let's add in another allowance for gas. Current U.S. average is $3.613 for premium conventional per www.eia.gov.

Let's use the 3,500 every 3 month per oil change recommendations. That makes 1,167 miles a month at $3.613 and assume you get 30 mpg.

That means you pay $123 a month on gas.

So now we are down to roughly $825 a month.

If you have any other expenses (phone, rent, utilities, etc.), then you will go down even further. Also add in things like going out and other activities/hobbies that you might have. Can you make ends meet? Probably. Is it the smartest decision? I personally don't think so.

At the end of the day, it's your money do what you want.

I like you. Hey guise! This guy knooowwss

Originally Posted by Allch Chcar

I love how a thread about delivering pizzas turned into yet another financial discussion.

Lol!

[GenkiElite]

Originally Posted by Allch Chcar

I love how a thread about delivering pizzas turned into yet another financial discussion.



Yeah, there is a specific option for reporting tips on income taxes. So what you are suggesting is still illegal.

When did this become a moral dilemma? It doesn't change the facts or the point. I don't think too many people give a shit about the pizza guy reporting all his tips, or the hair dresser, doorman, taxi driver, stripper or waitress.

Btw I'm pretty sure just about everyone on this forum breaks the law in their cars at least once a day. What's your point.

[RS2]

Originally Posted by engee

Let's do some math shall we.

$15 x 40 hours = $600 a week

Government takes about 25% for income tax (depends on bracket though):

After tax, we get:

$600 x 75% = $450

To keep things simple, let's say there are 4 weeks in a month.

$450 x 4 = $1,800 a month is your monthly income.

Now, I hope you are a fiscally smart individual and will save at least 10% of your paycheck.

$1,800 x 90% = $1,620.

MSRP of FR-S: $24,930

I know some states have no tax, but in NJ there is 7% tax. So let's take the median of 3.5%.

$24,930 x 103.5% = $25,803

Per finance.yahoo.com, average auto loan interest rate is 3.65%.

Let's suppose you finance the full amount, monthly payments with that interest rate for 60 months will make your monthly payments $472.

$1,620 - $472 = $1,148

Depending on your insurance, you could possibly pay anywhere from $50 - $200 a month.

Let's take the higher rate.

$1,148 - $200 = $948

Now let's add in another allowance for gas. Current U.S. average is $3.613 for premium conventional per www.eia.gov.

Let's use the 3,500 every 3 month per oil change recommendations. That makes 1,167 miles a month at $3.613 and assume you get 30 mpg.

That means you pay $123 a month on gas.

So now we are down to roughly $825 a month.

If you have any other expenses (phone, rent, utilities, etc.), then you will go down even further. Also add in things like going out and other activities/hobbies that you might have. Can you make ends meet? Probably. Is it the smartest decision? I personally don't think so.

At the end of the day, it's your money do what you want.




:

I had a pizza job 5years ago I was making 10$/h cash plus tips and I would only work about 5-6 hours a days and I was making around 150-200 per day... But I was using 1996 cavalier... Would I use a brz/fr-s
For te job never in a million years... Jobs like these you abuse your car in the worst ways I find. I personally feel that if you have to use your own car and gas to make money... Is just not right business if you 16-18 fine take the job but 16-18 wouldn't be driving a brz/fr-s. if je is then his selling some stuff on the side... Lol anyways that was my 2cents

[Allch Chcar]

Originally Posted by RS2

I had a pizza job 5years ago I was making 10$/h cash plus tips and I would only work about 5-6 hours a days and I was making around 150-200 per day... But I was using 1996 cavalier... Would I use a brz/fr-s
For te job never in a million years... Jobs like these you abuse your car in the worst ways I find. I personally feel that if you have to use your own car and gas to make money... Is just not right business if you 16-18 fine take the job but 16-18 wouldn't be driving a brz/fr-s. if je is then his selling some stuff on the side... Lol anyways that was my 2cents

$150-200 a day!? That's good money for being a pizzaman.

[RS2]

Originally Posted by Allch Chcar

$150-200 a day!? That's good money for being a pizzaman.

Yes but thinking about it, there's was no tax invole... And I was a student in that time so I didn't get rape by taxes

[Aetyrno]

Originally Posted by earthsscum

i've seen sti and evos and more expensive cars delivering pizzas

Back when I delivered pizzas I was making $70ish a night in pay and another $50-$150 in (under the table) tips.

Take home pay on a good day was close what I make now as an engineer after taxes and benefits... Averaged out to far less due to unreliable hours though.

Definitely doable to buy a car like this on pizza boy pay, provided you don't have a lot of other bills.