Which are examples of income? Select the two that apply.

Question

(2 points)
Responses

Allowance
Allowance

Cell phone bill
Cell phone bill

Rent
Rent

Salary

Which are examples of expenses? Select the two that apply.
(2 points)
Responses

Allowance
Allowance

Electricity bill
Electricity bill

Car payment
Car payment

Money earned babysitting
Money earned babysitting

Which statements describe a fixed expense? Select the two that apply.
(2 points)
Responses

Frankie pays $10 a month for a music streaming service
Frankie pays $10 a month for a music streaming service

Jorge earns $5 every week in allowance whether he does his chores or not
Jorge earns $5 every week in allowance whether he does his chores or not

Peter’s electricity bill varies each month based on how much power he uses
Peter’s electricity bill varies each month based on how much power he uses

Sasha rents her condo for $800 every month

Answer 1

Examples of Income

1. Allowance
2. Salary

Examples of Expenses

1. Electricity bill
2. Car payment

Statements That Describe a Fixed Expense

1. Frankie pays $10 a month for a music streaming service
2. Sasha rents her condo for $800 every month

These selections are based on the definitions of income, expenses, and fixed expenses.