Question: Are property taxes a variable expense?

Are taxes a fixed or variable expense?

What Is the Difference Between Fixed Cost and Variable Cost?

Fixed Costs Variable Costs
Examples Depreciation, interest paid on capital, rent, salary, property taxes, insurance premium, etc. Commission on sales, credit card fees, wages of part-time staff, etc.

What is included in variable expense?

Common examples of variable costs include costs of goods sold (COGS), raw materials and inputs to production, packaging, wages, and commissions, and certain utilities (for example, electricity or gas that increases with production capacity).

Which expenses are variable expenses?

Variable expenses are defined as such because the amount you spend may vary each month. Although variable costs are quite often discretionary expenses, some may be necessities. Buying gas for your car each month is a variable expense, as are car repairs and maintenance. Grocery shopping is also a variable expense.

What is a variable expense example?

Typical household variable expenses might include: The cost of household maintenance such as painting or yard care. General expenses such as clothing, groceries, and car maintenance. Resource expenses such as fuel, electricity, gas, and water.

Is property tax a fixed expense?

Fixed expenses.

Examples: property taxes, salaries, insurance and depreciation.

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What are variable and fixed expenses?

Fixed expenses: These are costs that largely remain constant, such as your monthly rent. Variable expenses: These are costs that vary or are unpredictable, such as dining out or car repairs.

Is food a variable expense?

A variable expense is one that fluctuates each month. Some examples of variable expenses you may have can include: … Food expenses.

What are variable monthly expenses?

What are variable expenses? Variable expenses are costs that change over time, such as groceries or movie tickets. Because these costs might fluctuate over a week, month or year, it can be challenging to pinpoint what you’ll spend. These costs might fluctuate over a week, month or year.

What are two types of variable expenses?

Variable costs vary based on the amount of output produced. Variable costs may include labor, commissions, and raw materials. Fixed costs remain the same regardless of production output. Fixed costs may include lease and rental payments, insurance, and interest payments.

Which two expenses are considered variable nondiscretionary expenses?

Variable, nondiscretionary expenses are as follows:

  • Food.
  • Utilities.