An example of an annual expense is electricity because you generally receive a bill for it each month. True False

## Step 1<br />The problem statement is asking whether electricity can be considered an annual expense because it is billed monthly. To answer this, we need to understand the definition of an annual expense.<br />## Step 2<br />An annual expense is an expense that is incurred once a year. This could be a subscription, a membership, or any other expense that is billed annually.<br />## Step 3<br />Electricity, on the other hand, is typically billed monthly, not annually. Therefore, it does not fit the definition of an annual expense.