Payments that do not vary from month to month are ____________ expenses.
A)fixed
B)current
C)variable
D)luxury
E)budgeted

Question

Quizplus · Accepted Answer

Fixed expenses are payments that remain constant from month to month. Examples of fixed expenses include rent/mortgage, car payments, and insurance premiums. Current expenses refer to payments that are due within the current period, while variable expenses can fluctuate from month to month. Luxury expenses are not necessary for basic living and budgeted expenses are planned for in advance.

Payments That Do Not Vary from Month to Month Are