Question

What is the total of your fixed expenses? Expense Amount Mortgage $1,034.78 Utility bill $168.34 Credit card $54.21 Groceries $98.75 Khakis (required for work) $45.88

Answer 1

The total fixed expenses is $1401.96 if the Mortgage $1,034.78 Utility bill $168.34 Credit card $54.21 Groceries $98.75 Khakis (required for work) $45.88

What is expenses?

It is defined as the money spends on the utility, the amount of money is required to buy something in other words it is the outflow of money from the solely earners income or the money incurred by any organization.

We have:

Types                                     Expense Amount

Mortgage                               $1,034.78

Utility bill                                 $168.34

Credit card                              $54.21

Groceries                                $98.75

Khakis (required for work)      $45.88

The total fixed expenses = $1,034.78+$168.34+$54.21+$98.75+$45.88

= $1401.96

Thus, the total fixed expenses is $1401.96 if the Mortgage $1,034.78 Utility bill $168.34 Credit card $54.21 Groceries $98.75 Khakis (required for work) $45.88

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