Fixed and Variable Expenses Worksheet
Understand and identify fixed and variable expenses with this Grade 8 math worksheet.
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Fixed and Variable Expenses
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Read each question carefully and answer to the best of your ability. This worksheet will help you understand the difference between fixed and variable expenses.
1. Which of the following is typically considered a fixed expense?
Groceries
Rent
Electricity bill (fluctuating)
Entertainment
2. An expense that changes based on your usage or consumption is called a:
Fixed expense
Variable expense
Income
Savings
3. Your monthly phone bill, if it's a flat rate, is a variable expense.
True
False
4. Car insurance payments are typically considered a fixed expense.
True
False
5. An expense that stays the same amount each month is called a expense.
6. Your water bill, which can change depending on how much water you use, is an example of a expense.
7. Give two examples of fixed expenses and explain why they are considered fixed.
8. Give two examples of variable expenses and explain why they are considered variable.
Match each expense type with its definition.
9. Fixed Expense
a. An expense that changes over time based on usage.
10. Variable Expense
b. An expense that remains constant regardless of usage.