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

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Name:
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?
Transcribed Image Text:Name: 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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