Question

Is the following a fixed or a variable expense?

Answer 1

The answer is A) fixed expense

Answer 2

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.