Question
Delivering food for Uber Eats the Regans are thinking about joining the gig economy and feel this would be an easy income stream because they
Delivering food for Uber Eats the Regans are thinking about joining the gig economy and feel this would be an easy income stream because they can receive clients directly from Uber Eats. Lisa's brother, Jason, did this for 6 months last year and shared data from his experience to help them decide (Exhibit 1).
Exhibit I
Data from Jason's experience as an Uber Driver
I purchased my car on June 30, 2020, for $40,000 and delivered for Uber Eats from May 10, 2022
(car valued at $29,000) to November 11, 2022 (car valued at $22,000).
During this period, I drove 4,350 km and 71.2% of my car usage was for deliveries.
Also, I used 14.4% of my 899.87 sq ft house as a home office and 75% of my cellphone use was
work-related.
My income and expenses from May to November are as follows:
Income Earned
Uber Eats - $4,333 ($2,192.16 tips/$2,140.84 fares)
Vehicle-related Expenses
Fuel - $609
Insurance - $1,492
Parking - $173
Cellphone - $501
House/Home Office Expenses
Mortgage interest - $1262
Heat - $290
Electricity - $320
identify what the issues are, provide your analysis, give your recommendations/conclusions, and discuss the impact.
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