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QuizMultiple Choice

Budgeting

Question 1 • OK-Personal Financial Literacy S1 – EDGNTY-83861 26-27

What is most likely the reason variable expenses should be planned after fixed expenses?

Answer
A
Fixed expenses are deducted from gross income, and variable expenses come from net income.
B
Variable expenses are a necessary part of fixed expenses but can only be calculated after fixed expenses.
C
Variable expenses are almost always higher than fixed expenses and need a greater budget.
D
Fixed expenses are required and constant, but variable expenses are more flexible.
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