Which one of the following budget items would probably be considered a fixed expense?

A. Entertainment

B. Savings

C. Clothing

D. Insurance premiums

I'll be glad to check your answer.

i got b.

No.

Please read your text.

i got D.

D is right.

To determine which one of the budget items would likely be considered a fixed expense, let's go through each option:

A. Entertainment: Entertainment expenses are typically considered discretionary or variable expenses because they can vary from month to month depending on individual choices and preferences.

B. Savings: Savings is not an expense but rather money set aside for future purposes. However, if you are referring to a regular contribution towards savings, it can be considered a fixed expense since you allocate a predetermined amount of money each month.

C. Clothing: Clothing expenses are also typically considered discretionary or variable expenses, as they can vary based on personal choices, fashion trends, and the need for new clothes.

D. Insurance premiums: Insurance premiums are usually considered fixed expenses because they are recurring payments made at regular intervals (monthly, quarterly, or yearly) and are typically set amounts or calculated based on a fixed rate.

Based on this analysis, the budget item that is most likely considered a fixed expense is D. Insurance premiums.