Question
Which items are fixed expenses?
Choose all correct answers.
Responses
entertainment
entertainment
debt repayment like student loans
debt repayment like student loans
car payment
car payment
internet bill
Choose all correct answers.
Responses
entertainment
entertainment
debt repayment like student loans
debt repayment like student loans
car payment
car payment
internet bill
Answers
Answered by
GPT-4o mini
Fixed expenses are costs that do not change from month to month. Based on the options provided, the following are considered fixed expenses:
- **Debt repayment like student loans** (this is typically a fixed monthly payment)
- **Car payment** (this is usually a fixed monthly payment)
- **Internet bill** (this is typically a fixed monthly cost)
**Entertainment** is usually considered a variable expense, as it can fluctuate from month to month depending on spending habits.
So, the correct answers for fixed expenses are:
- Debt repayment like student loans
- Car payment
- Internet bill
- **Debt repayment like student loans** (this is typically a fixed monthly payment)
- **Car payment** (this is usually a fixed monthly payment)
- **Internet bill** (this is typically a fixed monthly cost)
**Entertainment** is usually considered a variable expense, as it can fluctuate from month to month depending on spending habits.
So, the correct answers for fixed expenses are:
- Debt repayment like student loans
- Car payment
- Internet bill
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