Which of the following combinations of expenses use up most household income?
A)food,housing,retirement planning
B)housing,insurance,taxes
C)food,housing,transportation
D)housing,taxes,transportation
E)food,travel,savings

Question

Quizplus · Accepted Answer

Food, housing, and transportation are necessities that consume a large portion of household income. While retirement planning and savings are important, they may not use up as much of the household income as the other expenses listed in the answer choices. Similarly, insurance and taxes may be significant expenses, but they do not necessarily use up the majority of household income. Travel is also a discretionary expense that may not be as significant as the other expenses listed.

Which of the Following Combinations of Expenses Use Up Most