Question

14.
Which of the following is a variable expense? (Choose all that apply.)

A.
Annual vacation

B.
House insurance

C.
Unexpected veterinary bill

D.
Student loan payment

Answer 1

Correct answers: A and C.

- A (Annual vacation) — variable/discretionary expense because the amount and timing can change.
- C (Unexpected veterinary bill) — variable/unpredictable expense.
- B (House insurance) — typically a fixed (periodic) expense.
- D (Student loan payment) — typically a fixed monthly payment.