WorksheetsL3 YR1 Unit 301 session 6b Self-Employment: Pros and Cons
Total questions: 1
Worksheet time: 10mins
1-10.
Answer the questions below after watching the video
What is one major benefit of being self-employed as mentioned in the introduction?
Fixed work hours
Pursuing personal dreams
Job security
Guaranteed promotions
Why might someone prefer self-employment?
Being their own boss
Guaranteed job security
Corporate benefits
Fixed salary
Which aspect of self-employment contributes to an ideal work-life balance?
Limited tax breaks
Flexible work locations
Long commuting hours
Fixed project types
What financial advantage does self-employment offer regarding taxes?
Higher tax rates
Mandatory tax contributions
Claiming expenses against income
Fixed income tax
How can self-employed individuals reduce their tax bill?
By working fewer hours
Through claiming expenses
Receiving bonuses
By securing promotions
What is a significant drawback of being self-employed?
Fixed working hours
Regular promotions
Job security
Stable income
What is a common challenge faced by self-employed individuals regarding income?
Automatic salary increments
Seeking regular job opportunities
Receiving holiday pay
Job security
Which option is not a benefit of being self-employed?
Choosing interesting projects
Claiming tax breaks
Holiday and sick pay
Working from home
What might self-employed individuals have to consider about their work hours?
Mandatory early mornings
Working long hours or weekends
Flexible scheduling
Strict office hours
What is a potential cost for self-employed individuals working for a company?
Transportation costs
Renting office or desk space
Employee training programs
Health insurance
