Which statements describe a fixed expense? Select the two that apply.

Question

 (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 
Sasha rents her condo for $800 every month 
Skip to navigation

Answer 1

The statements that describe a fixed expense are:

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

Fixed expenses are consistent amounts that do not change from month to month, such as a subscription service or rent.