The total fixed expenses is $1401.96 if the Mortgage $1,034.78 Utility bill $168.34 Credit card $54.21 Groceries $98.75 Khakis (required for work) $45.88
It is defined as the money spends on the utility, the amount of money is required to buy something in other words it is the outflow of money from the solely earners income or the money incurred by any organization.
We have:
Types Expense Amount
Mortgage $1,034.78
Utility bill $168.34
Credit card $54.21
Groceries $98.75
Khakis (required for work) $45.88
The total fixed expenses = $1,034.78+$168.34+$54.21+$98.75+$45.88
= $1401.96
Thus, the total fixed expenses is $1401.96 if the Mortgage $1,034.78 Utility bill $168.34 Credit card $54.21 Groceries $98.75 Khakis (required for work) $45.88
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