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Can you tell what exactly the term ‘trading profit of the self-employed’ means? Actually, I am not good at english. According to me, it means a small independent business like a shop. My earnings from my shop is trading profit of self-employed. Am I correct?
you are self employed if you run your own business and yes a shop would be a small business. As the business is trading it will make a profit.
If you work at the shop but it is owned by someone else then your earnings are as an employee and you will recevie a wage for the work you do.
I hope this explains.
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