QuestionMay 29, 2025

Question 26 (3 points) When creating a personal budget, which 3 of the following items should be included as fixed expenses? (CS14) Select 3 correct answer(s) Monthly rent or mortgage payments Dining out on weekends Phone and internet bills Monthly insurance premiums Grocery shopping

Question 26 (3 points) When creating a personal budget, which 3 of the following items should be included as fixed expenses? (CS14) Select 3 correct answer(s) Monthly rent or mortgage payments Dining out on weekends Phone and internet bills Monthly insurance premiums Grocery shopping
Question 26 (3 points) When creating a personal budget, which 3 of the following items should be included as fixed expenses? (CS14) Select 3 correct answer(s) Monthly rent or mortgage payments Dining out on weekends Phone and internet bills Monthly insurance premiums Grocery shopping

Solution
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Answer

Monthly rent or mortgage payments, Phone and internet bills, Monthly insurance premiums Explanation 1. Identify Fixed Expenses Fixed expenses are regular, recurring costs that do not change from month to month. 2. Select Fixed Expenses Monthly rent or mortgage payments, phone and internet bills, and monthly insurance premiums are fixed expenses because they remain consistent each month.

Explanation

1. Identify Fixed Expenses<br /> Fixed expenses are regular, recurring costs that do not change from month to month.<br /><br />2. Select Fixed Expenses<br /> Monthly rent or mortgage payments, phone and internet bills, and monthly insurance premiums are fixed expenses because they remain consistent each month.
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