What are flexible expenses give two examples? Flexible expense examples include groceries, dining out, entertainment, and even utilities. Learn how you can master your personal finances by cutting back on these expenses and putting more money where it matters.
What are flexible expenses? A flexible expense is a discretionary purchase that can be altered or eliminated without a significant downside. … Economists often use the term consumer discretionary spending to describe flexible expenses.
What are 5 flexible expenses? Categories include food and groceries, out-of-pocket medical expenses, clothing and personal expenses such as hair care, personal hygiene products, allowances and alcohol.
What are 3 examples of expenses? Flexible: expenses that can change from month to month. EX: groceries. Needs: Goods or services that are required such as food, clothing, shelter, health care.
What are flexible expenses give two examples? – Related Questions
Can residential rental roof be expensed 179?
Section 179 can only be used if your rental activities qualify as a business for tax purposes. You can’t use it if your rental activity is an investment, not a business. … There is no set number of rental units you must own to qualify as a business.
Where does interest expense go in a chart of accounts?
Interest expense often appears as a line item on a company’s balance sheet, since there are usually differences in timing between interest accrued and interest paid. If interest has been accrued but has not yet been paid, it would appear in the “Current Liabilities” section of the balance sheet.
How expensive is soft tissue grafting?
A soft tissue graft can cost between $2,800 and $3,200. The cost depends on a few things including, the extent of damage to be repaired, which dental professional performs your surgery, and where the tissue comes from. A periodontist is a gum specialist and will likely cost more than a general dentist.
What is the most expensive barbie doll ever made?
In 2010, Australian jewelry designer Stefano Canturi unveiled the world’s most expensive Barbie doll ever, which was sold at auction for $302,500. Canturi was asked by Mattel to specifically design a Barbie that would become the brand’s most expensive doll.
Why airlines are so expensive?
Fuller planes mean more passenger revenue and fewer costs for the airline. It’s why if you live far from a major city, you’ve seen fares go up and the number of flights go down. … With fewer planes, less competition, and higher capacity, airlines can charge a lot more for tickets.
Are private hospitals more expensive than public hospitals?
Private hospitals can be a bit more comfortable than a large public hospital, and patients know that they are paying more for the extra service. These hospitals often charge more for the same procedures and medical services, in terms of whether your insurance is accepted and/or your total out-of-pocket expenses.
Are granite countertops expensive?
Granite countertops will cost you around $40 to $60 per square foot, with the total price for installation and materials coming in between $2,000 to $4,500. Comparatively, marble costs around $75 to $250 per square foot, with the average cost around $75.
Why are levis so expensive?
Levi Strauss has invested heavily in sustainable cotton production using less water, better screening of dyestuffs and other chemicals, and improving the wellbeing of factory workers who make their products. These multi-year investments are expensive.
Can you claim printer educational expense?
Generally, if your computer is a necessary requirement for enrollment or attendance at an educational institution, the IRS deems it a qualifying expense. If you are using the computer simply out of convenience, it most likely does not qualify for a tax credit.
How much can you claim for moving expenses?
You can only deduct the cost of one trip as a moving expense. You can only deduct the cost of lodging at the old place for one day if you had to stay elsewhere because your furniture had been moved. You don’t have to itemize your deductions to claim moving expenses.
What is compensation expense?
Compensation Expense means all expenses and costs associated with compensation and benefits provided to Consulting Personnel, including, without limitation, salary, bonus, housing reimbursements, retirement benefits, insurance costs, and any other benefits, perquisites or other compensation provided to Consulting …
Is lyft more expensive during rush hour?
Knowing when peak hours are in your area will help you earn more, because Lyft raises its rate for customers then. Lyft calls it “Prime Time” and it tends to be late at night or early in the morning.
Which expense account to enter cleaning supplies in quickbooks?
Janitorial Expense: Janitorial expenses and cleaning supplies. Landscaping and Groundskeeping: Landscape maintenance, gardening, and pool maintenance costs. Marketing Expense: Advertising, marketing, graphic design, and other promotional expenses for our company.
Is silver more expensive than copper?
This is simply because of the wide difference in cost between copper and silver: A pound of silver ranges from 50 to 150 times the value of a pound of copper, similar to the ratio between gold and silver.
What’s the most expensive stock on the market?
Berkshire Hathaway is the world’s most expensive stock. One of the main reasons why the company’s stock is so expensive is because it never went through a stock split.
Why are chicken mcnuggets so expensive in canada?
McD’s pays for it because they know that McNuggets could be made of gold and we’ll buy them. Compare the taste, size, and texture. They aren’t the same. Canada has more laws regarding poultry.
Why are auto repairs so expensive?
Diagnostic Labor – This requires significantly more training than a repair laborer, as well as different tools, both of which require training and exact a significant expense. Repair Labor – This requires a significant amount of training and experience, which master technicians take many years to accrue.
Can i deduct education expenses for work?
You may be able to deduct work-related education expenses paid during the year as an itemized deduction. To qualify for a deduction, your expenses must be for education that: Maintains or improves your job skills or. Your employer or a law requires to keep your salary, status, or job.
How expensive is it to do an endoscopy?
The average cost of an endoscopy in the United States is $2,750, though prices can range from $1,250 to $4,800. One factor that can greatly affect the cost of an endoscopy is whether you have the procedure performed in an inpatient facility, like a hospital, or an outpatient surgery center.
Why are gas fire pits so expensive?
Why are gas fire pits so expensive? Gas fire pits are usually expensive because they are made from high-quality materials. Unlike wood burning fire pits, gas fire pits are made from metal. They are also heavier and require more work to assemble, which adds to the cost of the product.
Why is black lotus so expensive?
Black Lotus is usually considered to be the most valuable non-promotional Magic card ever printed. Its Alpha and Beta versions in particular are considered to be extremely valuable, due to the more limited print runs and black borders of those sets.