which budget expense and financial activity are correctly matched?\nfixed expense: $800 monthly rent.\nfixed…

which budget expense and financial activity are correctly matched?\nfixed expense: $800 monthly rent.\nfixed expense: $100 or more monthly for restaurant meals.\nvariable expense: $120 monthly cellphone bill.\nvariable expense: $250 monthly student loan payment.

which budget expense and financial activity are correctly matched?\nfixed expense: $800 monthly rent.\nfixed expense: $100 or more monthly for restaurant meals.\nvariable expense: $120 monthly cellphone bill.\nvariable expense: $250 monthly student loan payment.

Answer

Answer:

Fixed expense: $800 monthly rent.

Explanation:

Step1: Define fixed and variable expenses

Fixed expenses are consistent, variable change.

Step2: Analyze each option

Monthly rent is fixed. Restaurant meals vary. A $120 cellphone bill can change with usage. Student - loan payments are usually fixed. So, $800 monthly rent as a fixed expense is correct.