answersLogoWhite

0


Best Answer

Depends. Some earn an income of $150-200,00 or even more if they are good business people.

Others claim to earn only $30-50,000, but are often participating in tax evasion when they report such a low income. Since they are mainly a cash business, they can participate in many different tax schemes to avoid paying their fair share as a law abiding citizen.

Hopefully the IRS performs more audits on these sort of small business; or hopefully these disobedient businesses start following the laws.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How much money do tire shop owners make?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How much do pawn shop owners make?

Depends on where they're located and how much stuff they have on loan or in pawn.


How much money does a gun repair shop make?

200$ a day


How much does a mechanic shop owner make?

a shop owner depending on the size and quality of the shop can make from $60000-$120000There is no set amount a car shop owner makes. The owners proceeds depends on the cost to run the shop, the location, and their prices.


How do pawn shop owners make money?

Pawn shop dealers not only receive interest on the money loaned to you when you buy back your possession, but they sell items that have not been repurchased for fees exceeding the original loan amount.


Whats the salary for owning a skateboardshop?

Shop owners don't usually get a salary. They get the profits. Often they will have a set draw against the profits, but that doesn't help if the shop isn't making money. That's one of the reasons business is such a risk. If you can't make enough money, the owners don't get any money. They have to pay all the bills and workers before they can pay themselves.


How much money does a plumber in the US make?

A one man shop can make around $250,000 per year


Are tattoo artists paid a commission?

tattoo artists typically rent space in a studio owners shop. they will pay a percentage of how much money they earned from their clients.


How much money does a sandwich shop owner need to open?

Knowledge of how to make a good sandwich for starters...... Peter Buck and Fred De Luca, owners of Subway sold franchises in 1987 for $50.000


When your over 65 can make as much money as they want?

i was 68 last JULY and i have a small shop bussines and how much money can i make for a full. so that social security take back some?


How much do automotive shop owners make?

It varies from what your overall gross is. After paying a 46% taxe, costs, payroll, in a shop that is keeping 6 bays or so busy. Ranging from 100k to 200k.


How much money does a tire shop make?

Wow, Where is this tire shop? What is the local population? Retail? Industrial? Agricultural? Is this in a metropolitan area, or a farm community?


How much does a subway franchise owner in India earn?

Indian shop owners make 5000 rupees and half of it goes to his snake charming business