Johanna Is Single and Self- Employed as a Technology Consultant

question 1643

Essay

Johanna is single and self- employed as a technology consultant. She wants to set money aside for her retirement. What tax and financial issues should she consider?

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Definitions:

Zero Economic Profits

A situation where a firm covers all its costs, including the opportunity costs, resulting in no additional profit above the normal rate of return.

Strategic Interdependence

A situation in which the actions of one entity affect the outcomes of another in a business environment.

Identical Product

A product that is exactly the same in every feature, quality, and aspect as another product.

Barriers To Entry

Obstacles that make it difficult to enter a particular market, which could include high startup costs, stringent regulations, or strong competition.