5. karens monthly cell phone bill is $75. what type of budget item would her cell phone bill be?\nfixed…

5. karens monthly cell phone bill is $75. what type of budget item would her cell phone bill be?\nfixed income\nvariable income\nfixed expense\nvariable expense
Answer
Brief Explanations:
A fixed expense is a regular, consistent cost. Karen's monthly cell - phone bill of $75 is a recurring cost that doesn't change in amount each month (assuming no extra charges). It's not income as it's money going out, and it's not variable since it's a set amount.
Answer:
C. Fixed Expense