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Mumz [18]
3 years ago
5

Life orientation...what is tax threshold(the level of income at which you being to pay tax)for an entrepreneur or an informal wo

rker?
World Languages
1 answer:
Tamiku [17]3 years ago
5 0
For an entrepreneur, there is no tax threshold. This means that there no entrepreneurs exempted from paying taxes. For an informal worker, the tax threshold is $9,275. This is also the tax threshold for a single employee. Reaching this income will result to a tax rate of 10%.
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Answer:

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Explanation:

A free-enterprise system also referred to as capitalism or free market can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government. Thus, a free-enterprise system is devoid (free) of government regulations, interference or control because the market (enterprises) are the ones who are saddled with the responsibility of determining the market forces.

Simply stated, a free-enterprise system is a type of economy that is completely driven by demand and supply of goods and services.

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Hence, in a free-enterprise system, producers decide how much to charge.

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