Which of the Following Is an Example of a Fixed

question 133

Multiple Choice

Which of the following is an example of a fixed cost for a manufacturer?

• A)Income Taxes
• B)Machine Repair Expense
• C)Fire Insurance on buildings
• D)Delivery Fuel Expense

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Definitions:

Tax Reform

Changes made to improve a tax system, often involving amendments to tax laws and policies.

Supply Curve

A chart that illustrates the amount of a product that suppliers are prepared to produce and sell at various price points.

Save More

The action of increasing the amount of money set aside for future use or as a precaution against emergencies or major purchases.

Tax Credit

A tax incentive which allows taxpayers to subtract the amount of the credit from the total they owe to the state.