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Mathematics, Other Sciences, Other
12thgrade
Fixed and Variable Expenses
25 questions
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- 1. Multiple ChoiceA cellphone bill is avariable expensefixed expense
- 2. Multiple ChoiceCar insurance is avariable expensefixed expense
- 3. Multiple ChoiceSchool supplies are avariable expensefixed expense
- 4. Multiple ChoiceBasketball tickets are avariable expensefixed expense
- 5. Multiple ChoiceRent is avariable expensefixed expense
- 6. Multiple ChoiceA new pair of Jordans is avariable expensefixed expense
- 7. Multiple ChoiceThree bags of Takis are avariable expensefixed expense
- 8. Multiple ChoiceGas to go to work is avariable expensefixed expense
- 9. Multiple ChoiceA monthly baby-sitter is afixed expensevariable expense
- 10. Multiple ChoiceGroceries are afixed expensevariable expense
- 11. Multiple ChoiceA spending plan for managing money during a given period of time.VariableBudgetFixedIncome
- 12. Multiple ChoiceCosts that do not occur on a monthly basis.Periodic expensesIncomeMortgageCar Payment
- 13. Multiple ChoiceAmounts of money spent to buy goods and services for yourself or your business.IncomeMortgageExpensesPetty cash
- 14. Multiple ChoiceExpenses where the amount that you pay each time is the same.DebtIncomeVariable expensesFixed expenses
- 15. Multiple ChoiceThe process of using a financial plan to control your money.Money management:IncomeStrong ArmingOverdraft
- 16. Multiple ChoiceAble to be modified or adapted, something that can be changed easily.FlexibleRubberbandFixedGrades
- 17. Multiple ChoiceThe act of spending more money than you actually have.Planning aheadRolling in doughOverdraftBudget
- 18. Multiple ChoiceCosts that change in amount each time they are paid.Fixed expensesIncomeBudgetVariable expenses
- 19. Multiple ChoiceMoney earned through employment and investments.ExpenseBudgetIncomeDebt
- 20. Multiple ChoiceJack’s mother pays the following expenses: the house payment, the club membership, the car payment, and the cost of food. Which is a variable expense?the house paymentthe club membershipthe cost of foodthe car payment
- 21. Multiple ChoiceSomething owed to another - an obligation to pay.DebtIncomeVariableFixed
- 22. Multiple ChoiceJack pays the following expenses: the house payment, water bill, and the cost of food. Which is a fixed expense?house paymentwater billthe cost of food
- 23. Multiple ChoiceJosh has a dog. He buys a bag of dog food every month. Dog food costs $27.50 a bag. How much does he spend in a year?$270.50$333$330$27.50
- 24. Multiple ChoiceLexi is taking 3 courses at Community College. She pays $835 for each college course. She spends about $45 a week for 20 weeks to drive to school. How much does she spend on variable expenses?$2,505$900$2,400$2,700
- 25. Multiple ChoiceMichael spends $2.20 for a school lunch every day. He also buys a soda at the soda machine every day on his way home from school. The soda costs $1.25. What are Michael’s fixed expenses fora 5-day school week?$15.05$17.25$22.25$15.75
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