INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Paying ____ is way that small businesses contribute to society.
|
|
Wages
|
|
|
Health care
|
|
|
Taxes
|
|
|
Worker’s compensation
|
Explanation:
Detailed explanation-1: -A small business is one that has an annual turnover of Rs 50 lakh or less. This means it will be exempt from paying any tax on its profits and other incomes. You can only claim this exemption if your annual revenue is at most Rs 50 lakhs after deducting all costs related to running your business.
Detailed explanation-2: -Small businesses fuel economic growth by increasing job opportunities and raising employment rates. The U.S. government often favors small businesses with incentives, tax cuts, grants, and good access to funding to help keep them competitive.
There is 1 question to complete.