Question

bank. when you checked your account online, you discovered that the auto - debit for your cell phone occurred the day before. your bank account balance is usually pretty low, and you feel anxious waiting for your next paycheck. you decide to track your income and spending to identify where your money is going. you notice youve spent more on gas this month than you expected. gas prices are high now, and youve been driving to visit your friends after work. what type of expense is gas? periodic variable luxury fixed

Explanation:

A variable expense changes in amount. Gas expense varies as gas prices change and driving frequency (like visiting friends after work) affects consumption. Periodic is about timing (not amount). Luxury implies non - essential (gas is more of a need for driving). Fixed is a set amount (gas isn't).

Answer:

B. Variable