Question

What is defined as a fixed expense?(1 point)

Responses

an estimate of income and expenditure for a set period of time
an estimate of income and expenditure for a set period of time

an expense whose total amount does not change from month to month
an expense whose total amount does not change from month to month

an expense whose total amount changes from month to month
an expense whose total amount changes from month to month

a sum of money that you must pay the government every year.

Answer 1

Answer: An expense whose total amount does not change from month to month.

Explanation: This is very simple to understand, let me help you. The word "fixed" means remains in the same position, so, a fixed expense would be one that never changes. The amount of money you would get charged for a fixed expense remains the same.