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Each of the following is an example of a fixed expense EXCEPT: A. mortgage B. gasoline C. car insurance D. car payment

Respuesta :

The example of fixed expense is mortgage, car insurance and car payment, but gasoline is not an example of fixed expense.

What is fixed expenses?

Fixed expenses mean those costs that largely remain constant. It includes mortgage or rent payments, utility bills, and loan payments, and are defined as any expense that does not change from period to period.

The amounts may vary significantly, like with utilities, but you are aware that they are required on a regular basis.

Therefore, option B is correct.

Learn more about the fixed expense, refer to:

https://brainly.com/question/18520563

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