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Worksheets4.10A fixed and variable expenses
Total questions: 10
Worksheet time: 14mins
The Brown family orders pizza from Eat Around Pizza on special occasions. Sometimes they add a side of wings, and sometimes they don't.
Is the money the Brown family spends at Eat Around Pizza a fixed expense or a variable expense?
Fixed Expense
Variable Expense
Lillian spent $53 at the grocery store last week. When she went grocery shopping this week, Lillian only spent $39.
Is the money Lillian spends grocery shopping a fixed expense or a variable expense?
Fixed Expense
Variable Expense
The Jones family has cable television at their house so they can watch their favorite shows. They pay $85 a month for the cable television.
Is the money the Jones family spends on cable television a fixed expense or a variable expense?
Fixed Expense
Variable Expense
The Sterling family bought a new camper to tour some national parks. They took out a loan to buy the camper. Now, they pay the bank $350 each month for the loan.
Is the Sterling family's loan payment a fixed expense or a variable expense?
Fixed Expense
Variable Expense
What are fixed expenses?
Irregular expenses that change from week to week or month to month
The amount of money in your bank account
The amount of cash in your purse or wallet
Expenses that stay the same from week to week or month to month
What are variable expenses?
Irregular expenses that change from week to week or month to month
The amount of money in your bank account
Costs that do not fluctuate from week to week or month to month
The amount of cash in your purse/wallet
Is a cell phone bill a fixed or variable expense?
Fixed
Variable
Both fixed and variable
Neither fixed nor variable
A loan payment is a fixed expense.
True
False
Every month, Jack’s mother pays the following expenses: the house payment, the club membership, the car payment, and the cost of food. Which is a variable expense?
the house payment
the cost of food
the club membership
the car payment
Mario paid off his car loan this year. His payments were $259 a month for each of the first 8 months. The last payment, in the ninth month, was $125. Are the payments Mario paid during the first 8 months fixed or variable?
Fixed, because the amount did not change from month to month
Variable, because the amount changed from month to month
