Question

categorizing expenditures
scenario: ahmad needs to create a budget for his first year at college. he will need to include the following expense categories: his health insurance, the electricity bill, the water bill, his rent, his food expenses, and discretionary spending.
which of ahmads expenses will most likely be ranked as variable expenses? check all that apply.
rent
discretionary spending
groceries
health insurance
electricity bill
water bill

Explanation:

Variable expenses change in amount from month - to - month. Discretionary spending can vary based on personal choices. Groceries (food expenses) can vary depending on eating habits. Electricity and water bills can vary based on usage. Rent is usually fixed and health insurance is often a fixed - cost premium.

Answer:

B. discretionary spending
C. groceries
E. electricity bill
F. water bill