Categorizing Expenditures Scenario: Ahmad needs to create a budget for his first year at college. He will need to include the following expense categories: his health insurance the electricity bill, the water bill, his rent his food expenses, and discretionary spending. Which of Ahmad's expenses will most likely be ranked as variable expenses? Check all that apply rent discretionary spending groceries health insurance electricity bill water bill

Question

Categorizing Expenditures Scenario: Ahmad needs to create a budget for his first year at college. He will need to include the following expense categories: his health insurance the electricity bill, the water bill, his rent his food expenses, and discretionary spending. Which of Ahmad's expenses will most likely be ranked as variable expenses? Check all that apply rent discretionary spending groceries health insurance electricity bill water bill

Answer 1

The variable expenses in Ahmad's budget are:- Discretionary spending- GroceriesVariable expenses are those that can fluctuate from month to month and are not fixed. Discretionary spending can vary based on personal choices and circumstances, and groceries can also vary based on consumption and needs. Rent, health insurance, the electricity bill, and the water bill are typically considered fixed expenses because they remain relatively constant each month.

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