Select all that apply.
Which of the following are variable expenses?
☐ installment loan payments
☐ clothing
☐ food
☐ entertainment expenses
☐ rent
Answer (2)
Variable expenses can change each month and include clothing, food, and entertainment expenses. In contrast, fixed expenses like installment loan payments and rent remain constant. Thus, the correct selections for variable expenses are clothing, food, and entertainment. ;
The variable expenses from the options provided include clothing, food, and entertainment expenses. In contrast, installment loan payments and rent are considered fixed expenses. Thus, the choices for variable expenses are clothing, food, and entertainment.
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