5. Choose the item that represents an expense. A. Wages from a part-time job B. Loan payment Dir Ultimate Due Date:, C. Investment income D. Scholarship
5. Choose the item that represents an expense. A. Wages from a part-time job B. Loan payment Dir Ultimate Due Date:, C. Investment income D. Scholarship
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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5. Choose the item that represents an expense.
A. Wages from a part-time job
B. Loan payment
C. Investment income
D. Scholarship
6. Ojana earns a net income of $557.09 every two weeks at a part-time job.
Her expenses are $340 each month for rent and utilities, $135 every 2 weeks for groceries, $90 every 2
weeks for miscellaneous items, and $30 a week for entertainment.
How much can Ojana save each month?
A. $250
B. $204
KNOWLEDGE SECTION
c) Bi-weekly mortgage payments
d) Monthly charges for natural gas
C. $969
7. Classify each expense as a fixed or variable expense.
a) Monthly condo fees
b) Bi-monthly charges for electricity usage
8. Sharon broke a faucet in an apartment she rents.
Is the landlord legally responsible for replacing it? Explain.
Sharon is
esponsible for it
Ultimate Due Date:.
9. Daccia pays $810 a month in rent, which includes gas and water.
She makes monthly tenant insurance payments of $34.03.
She pays $48.45 a month for phone and TV.
10. This circle graph represents Jaya's expenses for one month.
D. $22
Daccia is on an equal payment plan for electricity and pays $76.11 every two months.
What are Daccia's total annual housing expenses?
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