Which statements describe a fixed expense? Select all that apply.
A. Frankie pays $10 a month for a music streaming service.
B. Jorge earns $5 every week in allowance whether he does his chores or not.
C. Peter’s cell phone bill varies each month based on how many texts he sends.
D. Sasha’s rents her condo for $800 every month.
A. Frankie pays $10 a month for a music streaming service.
D. Sasha rents her condo for $800 every month.
Both of these statements describe a fixed expense as they are paying a set amount each month without any variation based on usage or other factors.
A. Frankie pays $10 a month for a music streaming service.
D. Sasha’s rents her condo for $800 every month.
To determine which statements describe a fixed expense, we need to identify expenses that do not change in amount or frequency.
Statement A: Frankie pays $10 a month for a music streaming service. This is a fixed expense because it remains the same amount ($10) every month.
Statement B: Jorge earns $5 every week in allowance whether he does his chores or not. This statement describes an allowance rather than an expense, and it is not fixed because it is dependent on whether Jorge performs his chores or not.
Statement C: Peter’s cell phone bill varies each month based on how many texts he sends. This is not a fixed expense because the amount Peter pays for his cell phone bill changes monthly based on his usage.
Statement D: Sasha’s rents her condo for $800 every month. This is a fixed expense because the rental amount remains constant at $800 per month.
Therefore, the correct statements that describe a fixed expense are A and D.
The statements that describe a fixed expense are:
A. Frankie pays $10 a month for a music streaming service.
D. Sasha rents her condo for $800 every month.