QUESTION IMAGE
Question
a(n) _______________ can change month to month. *
1 point
fixed expense
deficit
budget
variable expense
when creating a budget, its important to determine which expenses are _______________- items or services needed to survive and function.
1 point
wants
needs
when looking at your paycheck, your _______________ is the amount you were paid before taxes
1 point
Brief Explanations
- For the first question: Fixed expenses stay consistent monthly, a deficit is a budget shortfall, a budget is a spending plan, while variable expenses fluctuate month to month.
- For the second question: Wants are non-essential items, while needs are required for survival and daily function, which matches the description.
- For the third question: The amount paid before taxes on a paycheck is defined as gross pay.
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- Variable Expense
- needs
- Gross Pay