Some drivers like to set a goal of $100,$150 or $200 a day.
Lyft will show your total $ billed to the rider. That will show on your 1099 sent to you at the end of the year. Base Lyft fees are subtracted(25%) and that is your gross receipts. Miles driven x .535 can be deducted From receipts to create your bottom line(profit/loss). Please contact the IRS or a Tax preparer to confirm.
Here is a sample if you work just 1 day,Earn $133.34, drive 186.92 miles and then prepare your taxes. If you drive more than 187 miles(set your trip odometer), your business is showing a loss. Less than 187 becomes profit.
Phoenix pay rates are low compared to many other cities. Many drivers try to reach the 1:1.87 ratio and count on tips to make their profit....similar to a waitress. Hence the term "Working for the Tip".
You can also easily check your progress at any time by taking your money earned(pending deposit) and divide by .535. In this example:$100/.535 is 186.92 miles. If your trip odometer is below 187...you are on the right track.
Some drivers like to say $100 is good. $20 for gas is all I worry about. Think twice....be wise.