To determine which of Luis's expenses are variable, we need to look at how each expense changes month to month. A variable expense is one that does not remain the same for each month. Let's examine the expenses one by one:
1. Rent:
- January: [tex]$1,250.00
- February: $[/tex]1,250.00
- March: [tex]$1,250.00
- Conclusion: This expense is fixed because it does not change.
2. Utility Bill:
- January: $[/tex]124.11
- February: [tex]$108.72
- March: $[/tex]121.69
- Conclusion: This expense is variable because it changes each month.
3. Car Loan Payment:
- January: [tex]$384.00
- February: $[/tex]384.00
- March: [tex]$384.00
- Conclusion: This expense is fixed because it does not change.
4. Insurance Payment:
- January: $[/tex]97.18
- February: [tex]$97.18
- March: $[/tex]97.18
- Conclusion: This expense is fixed because it does not change.
5. Groceries:
- January: [tex]$315.43
- February: $[/tex]367.25
- March: [tex]$341.04
- Conclusion: This expense is variable because it changes each month.
6. Clothing:
- January: $[/tex]72.18
- February: [tex]$152.74
- March: $[/tex]0.00
- Conclusion: This expense is variable because it changes each month.
7. Fuel:
- January: [tex]$108.71
- February: $[/tex]117.46
- March: $127.34
- Conclusion: This expense is variable because it changes each month.
So, the variable expenses for Luis are:
- Utility Bill
- Groceries
- Clothing
- Fuel
