Which of the following payments would be considered a variable expense?
A)Rent
B)Installment loan payment
C)Mortgage payment
D)Monthly train ticket for commuting to work
E)Electricity bill

Question

Quizplus · Accepted Answer

Electricity bills vary each month based on usage, making them a variable expense. Rent, installment loan payments, mortgage payments, and monthly train tickets for commuting are typically fixed expenses, as they do not change from month to month.

Which of the Following Payments Would Be Considered a Variable