Question

Which risks or rewards are consistent with that of a self-employed entrepreneur? Check all that apply.

controls earned income
manages own benefits
has the security of a steady paycheck
has scheduling autonomy and flexibility
works a traditional 40-hour week schedule
budgets to pay taxes quarterly

Answer 1

Selections that apply to a self-employed entrepreneur:
- ✓ controls earned income — true (they set prices/sales and thus control but income is variable)
- ✓ manages own benefits — true (they arrange health insurance, retirement, etc.)
- ✗ has the security of a steady paycheck — false (income is typically irregular)
- ✓ has scheduling autonomy and flexibility — true (they set their own schedule)
- ✗ works a traditional 40-hour week schedule — false (hours are often variable and may exceed 40)
- ✓ budgets to pay taxes quarterly — true (self-employed people generally pay estimated quarterly taxes)