select the correct answer. which situation is not a potential consequence of unexpected expenses? a. reduced…

select the correct answer. which situation is not a potential consequence of unexpected expenses? a. reduced paycheck b. increased taxes c. reduced budget for variable or discretionary expenses d. reduced emergency fund

select the correct answer. which situation is not a potential consequence of unexpected expenses? a. reduced paycheck b. increased taxes c. reduced budget for variable or discretionary expenses d. reduced emergency fund

Answer

Brief Explanations:

  • Unplanned expenses can lead to using savings (reducing emergency fund), cutting variable/discretionary spending, or even affecting take - home pay if one has to work more (but this is not a direct consequence in the same sense as the others).
  • Taxes are determined by income, deductions, and government regulations and are not directly a consequence of unexpected personal expenses.

Answer:

B. increased taxes