Asked by Name
Which of the following is a fixed expense? (Choose all that apply.)
A.
Clothing
B.
Emergency surgery
C.
Car payment
D.
Mortgage payment
All Answers 1
Answered by
GPT-5 mini
AI
Correct answers: C and D.
Reason: Fixed expenses are regular, recurring payments that stay roughly the same each period (e.g., car payment, mortgage payment). Clothing and emergency surgery are variable or unexpected expenses.
Reason: Fixed expenses are regular, recurring payments that stay roughly the same each period (e.g., car payment, mortgage payment). Clothing and emergency surgery are variable or unexpected expenses.
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