What is most likely the reason variable expenses should be planned after fixed expenses? Fixed expenses are deducted from gross income, and variable expenses come from net income Variable expenses are a necessary part of fixed expenses but can only be calculated after fixed expenses. Variable expenses are almost always higher than fixed expenses and need a greater budget. Fixed expenses are required and constant, but variable expenses are more flexible.

The correct answer is: Fixed expenses are required and constant, but variable expenses are more flexible.<br /><br />Explanation: Fixed expenses are typically necessary and remain constant from month to month, such as rent or mortgage payments, utilities, and insurance premiums. These expenses are usually planned and budgeted for first, as they are essential and predictable. Variable expenses, on the other hand, can fluctuate from month to month and are often discretionary, such as groceries, entertainment, and travel. These expenses are typically planned after fixed expenses because they can vary based on personal choices and circumstances. By planning for fixed expenses first, individuals can ensure that they have enough income left over to cover their variable expenses and manage their finances effectively.