Which statement describes a variable expense? (1 point)

Question

Responses

Chrystal pays $120 each month for access to high-speed internet at her house

Gemma’s mortgage payment is exactly $784.56 every month.

John makes an $89 payment each month on his new mobile phone

Mia’s electricity bill total depends on how much electricity she uses each month.

explain which is correct

Answer 1

Mia’s electricity bill total depends on how much electricity she uses each month. This statement describes a variable expense because the amount of the expense varies depending on the level of electricity usage. In contrast, the other statements describe fixed expenses where the amount of the expense is consistent each month.