Which of the following would be considered a fixed expense?
A) Electric bill
B) Food at home
C) Rent
D) Donations
E) Medical expenses
Correct Answer:
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Q95: Calculate the debt ratio for an individual
Q96: Copies of tax returns and supporting data
Q97: Financial goals should take a SMART approach
Q98: Discretionary income is:
A)a person's earnings after deducting
Q99: Common long-term liabilities include:
A)Auto loans
B)Medical bills
C)Insurance premiums
D)Charge
Q101: Describe the main components and purpose of
Q102: Explain why opportunity cost is an important
Q103: Which of these is an example of
Q104: The 50/30/20 financial rule of thumb suggests
Q105: Financial experts recommend monthly savings of:
A)1 percent.
B)2
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