Question

nti day 3 (three) 7th social studies expenses identify the type of expenses described below as fixed (f), discretionary (d), periodic (p), or variable (v) 1 a yearly physical at the doctors office 2 a monthly mortgage payment for your home 3 your water bill 4 a ticket to your favorite bands concert 5 a trip to emergency room after a sports injury 6 your car payment 7 buying the latest iphone 8 a trip to the grocery store to buy food 9 an oil change for your car 10 your cell phone bill 11 your auto insurance 12 your yearly dental cleaning 13 your electricity bill 14 a trip to the beach for the weekend 15 your credit card payment

Explanation:

To solve this, we first recall the definitions:

• Fixed (F): Regular, unchanging amount (e.g., mortgage, car loan).
• Discretionary (D): Optional, non-essential (e.g., concert tickets, luxury items).
• Periodic (P): Occurs at regular intervals (yearly, monthly) but may vary slightly.
• Variable (V): Changes in amount/frequency (e.g., utility bills, grocery costs).

1. A yearly physical at the doctor’s office

• Occurs yearly (regular interval) → Periodic (P)

2. A monthly mortgage payment for your home

• Fixed, regular monthly amount → Fixed (F)

3. Your water bill

• Amount varies (based on usage), periodic → Variable (V)

4. A ticket to your favorite band’s concert

• Optional, non-essential → Discretionary (D)

5. A trip to emergency room after a sports injury

• Unplanned, variable (depends on injury) → Variable (V) (or Discretionary if considered non-routine, but “variable” fits better for unplanned medical costs).

6. Your car payment

• Fixed, regular (e.g., auto loan) → Fixed (F)

7. Buying the latest iPhone

• Optional, luxury purchase → Discretionary (D)

8. A trip to the grocery store to buy food

• Variable (amount/frequency changes) → Variable (V)

9. An oil change for your car

• Periodic (recommended at regular intervals) → Periodic (P)

10. Your cell phone bill

• Fixed (plan cost) or variable (usage-based); often fixed → Fixed (F) (or Variable if usage varies).

11. Your auto insurance

• Fixed (premium, regular) → Fixed (F)

12. Your yearly dental cleaning

• Yearly, regular → Periodic (P)

13. Your electricity bill

• Variable (usage-based) → Variable (V)

14. A trip to the beach for the weekend

• Optional, non-essential → Discretionary (D)

15. Your credit card payment

• Variable (depends on balance) → Variable (V)

Final Answers:

1. P
2. F
3. V
4. D
5. V
6. F
7. D
8. V
9. P
10. F
11. F
12. P
13. V
14. D
15. V

Answer:

To solve this, we first recall the definitions:

• Fixed (F): Regular, unchanging amount (e.g., mortgage, car loan).
• Discretionary (D): Optional, non-essential (e.g., concert tickets, luxury items).
• Periodic (P): Occurs at regular intervals (yearly, monthly) but may vary slightly.
• Variable (V): Changes in amount/frequency (e.g., utility bills, grocery costs).

1. A yearly physical at the doctor’s office

• Occurs yearly (regular interval) → Periodic (P)

2. A monthly mortgage payment for your home

• Fixed, regular monthly amount → Fixed (F)

3. Your water bill

• Amount varies (based on usage), periodic → Variable (V)

4. A ticket to your favorite band’s concert

• Optional, non-essential → Discretionary (D)

5. A trip to emergency room after a sports injury

• Unplanned, variable (depends on injury) → Variable (V) (or Discretionary if considered non-routine, but “variable” fits better for unplanned medical costs).

6. Your car payment

• Fixed, regular (e.g., auto loan) → Fixed (F)

7. Buying the latest iPhone

• Optional, luxury purchase → Discretionary (D)

8. A trip to the grocery store to buy food

• Variable (amount/frequency changes) → Variable (V)

9. An oil change for your car

• Periodic (recommended at regular intervals) → Periodic (P)

10. Your cell phone bill

• Fixed (plan cost) or variable (usage-based); often fixed → Fixed (F) (or Variable if usage varies).

11. Your auto insurance

• Fixed (premium, regular) → Fixed (F)

12. Your yearly dental cleaning

• Yearly, regular → Periodic (P)

13. Your electricity bill

• Variable (usage-based) → Variable (V)

14. A trip to the beach for the weekend

• Optional, non-essential → Discretionary (D)

15. Your credit card payment

• Variable (depends on balance) → Variable (V)

Final Answers:

1. P
2. F
3. V
4. D
5. V
6. F
7. D
8. V
9. P
10. F
11. F
12. P
13. V
14. D
15. V