Kittyhacker14
Kittyhacker14 Kittyhacker14
  • 02-11-2021
  • Mathematics
contestada

Is the following a fixed or a variable expense?

Car Loan Payment

Question 2 options:

A) Fixed Expense
B) Variable Expense

Respuesta :

bradlover3000
bradlover3000 bradlover3000
  • 02-11-2021

Answer:

Fixed Expense (A)

Step-by-step explanation:

Typically fixed expenses incorporate car payments, lease or rent payments, insurance premiums, and real estate taxes. Typically, these expenses can't be simply changed. On the positive side, they're simple to budget for because they regularly stay the same and are paid on a daily basis.

Answer Link
judiannmckenzie6 judiannmckenzie6
  • 02-11-2021
The answer is A) fixed expense
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