Question

which of the following best defines fixed expenses? costs that change regularly based on daily choicescosts that remain constant within your budgetunpredictable expenses that occur randomlycosts that can be easily eliminated from a budgetwhich of the following is an example of a variable expense? mortgage paymentscar loan paymentshome repairstuition fees

Explanation:

For the first question: Fixed expenses are consistent, recurring costs that do not fluctuate in a budget period. The other options describe variable, unexpected, or discretionary costs.
For the second question: Variable expenses change in amount and frequency. Mortgage, car loan, and tuition payments are fixed, while home repair costs vary in timing and amount.

Answer:

1. Costs that remain constant within your budget
2. Home repairs