All categories

3 years ago

What are six disadvantages of self-employment?

1 answer:

7 0

Being self-employed for the past 15+ years I can tell you that there are many disadvantages of self-employment. My top six would be:

1. I pay more taxes
2. My pay is never the same (I have good months and bad months)
3. I tend to over-work (I work an average of 70+ hours a week.
4. There are no benefits (medical, dental, etc.)
5. I do not get paid if I take off (sick or vacation)
6. There are many distractions in my home that makes working difficult sometimes (personal call, my pets, Grandchildren, etc.)

I hope this helps. if you have any questions, please don't hesitate to ask.

Take care,
Diana

You might be interested in

What is a student for a company ?

Alinara [238K]

Answer:

I don't understand what you are asking

8 0

2 years ago

Read 2 more answers

A company has three product lines, one of which reflects the following results: Sales $ 215,000 Variable expenses 125,000 Contri

oksano4ka [1.4K]

Answer: option C

Explanation: THIS CAN BE REPRESENTED AS FOLLOWS :-

If we eliminate the product there would be no sales, no variable expenses and therefore, no contribution.

sales = nil

-variable expenses= nil

contribution = nil

- fixed expenses = 56,000

NET LOSS = (56000)

NOTE :-

Fixed expense = (140,000)*(40%)= 56,000

Thus increase in loss would be 56000- 50,000=6000

6 0

2 years ago

Vocational education is one path to a career

balu736 [363]

Answer:

It's true I think if I'm wrong do tell me.

5 0

2 years ago

Someone please help me..

siniylev [52]

already answered this question for you in a previous post.

8 0

3 years ago

On October 1, Hawking Corp. had 40,000 shares of $2 par value common stock outstanding before it declared a 2-for-1 stock split.

Naily [24]

Answer:

1. After the split, how many shares of common stock are outstanding and what is their par value per share?

40,000 stocks outstanding x 2 = 80,000 stocks outstanding after the stock split

par value of each stock = $2 / 2 = $1

Aren't both questions the same?

2. After the split, the number of shares outstanding is 80,000 and the par value per share is $1.

Explanation:

When a stock split happens, the total number of outstanding stock is just multiplied by the stock split factor, in this case it was 2, but other times it might be 4 or 7 (like Apple stock). You just multiply total outstanding stock by the split number. On the other hand, par value is calculated by dividing the current par value by the split number.

5 0

2 years ago