16. multiple - choice 1 point\nan example of a variable expense is ___.\n○ cable television charges\n○ bus…

16. multiple - choice 1 point\nan example of a variable expense is ___.\n○ cable television charges\n○ bus fare to school or work\n○ insurance premiums\n○ electric bills\n17. multiple - choice 1 point\nyour net worth goes up when you ___.\n○ spend more than you earn\n○ pay off previous debts\n○ borrow money to pay a deficit\n○ withdraw money from your savings\n18. multiple - choice 1 point\nthe first step in planning a budget is ___.\n○ estimating income\n○ setting financial goals\n○ listing fixed expenses\n○ budgeting for savings\n19. multiple - choice 1 point\na good budget has all the following characteristics except ___.\n○ inaccurability\n○ flexibility\n○ practicality\n○ careful planning\n20. multiple - choice 1 point\na savings option many employers offer is ___.\n○ paying interest on employees savings\n○ sending employees children through college\n○ writing a check for employees savings account\n○ setting paycheck deductions to employees retirement funds

16. multiple - choice 1 point\nan example of a variable expense is ___.\n○ cable television charges\n○ bus fare to school or work\n○ insurance premiums\n○ electric bills\n17. multiple - choice 1 point\nyour net worth goes up when you ___.\n○ spend more than you earn\n○ pay off previous debts\n○ borrow money to pay a deficit\n○ withdraw money from your savings\n18. multiple - choice 1 point\nthe first step in planning a budget is ___.\n○ estimating income\n○ setting financial goals\n○ listing fixed expenses\n○ budgeting for savings\n19. multiple - choice 1 point\na good budget has all the following characteristics except ___.\n○ inaccurability\n○ flexibility\n○ practicality\n○ careful planning\n20. multiple - choice 1 point\na savings option many employers offer is ___.\n○ paying interest on employees savings\n○ sending employees children through college\n○ writing a check for employees savings account\n○ setting paycheck deductions to employees retirement funds

Answer

Brief Explanations:

  1. Variable expenses change based on usage. Electric bills vary depending on electricity consumption, while cable television charges, insurance premiums are usually fixed, and bus fare is a fixed - per - trip cost.
  2. Net worth is assets minus liabilities. Paying off previous debts reduces liabilities, increasing net worth. Spending more than you earn, borrowing to pay a deficit, and withdrawing from savings do not increase net worth.
  3. The first step in planning a budget is setting financial goals as they guide income estimation, expense listing, and savings budgeting.
  4. A good budget should be flexible, practical, and involve careful planning. Inaccessibility is not a characteristic of a good budget.
  5. Many employers offer setting up paycheck deductions to employees' retirement funds as a savings option. Paying interest on employees' savings is not a common employer - offered savings option, sending employees' children through college is not a typical savings option, and writing a check to employees' savings account is not a common employer - offered savings method.

Answer:

  1. electric bills
  2. pay off previous debts
  3. setting financial goals
  4. inaccessibility
  5. setting paycheck deductions to employees' retirement funds