Nonessential spending includes expenses such as:A.buying health insurance.B.going to the movies.C.paying interest on loans.D.paying federal taxes.
Question
Nonessential spending includes expenses such as:
- A. buying health insurance.
- B. going to the movies.
- C. paying interest on loans.
- D. paying federal taxes.
Solution
Nonessential spending refers to the money spent on goods or services that are not necessary for survival or mandatory obligations. In the context of the options provided:
A. Buying health insurance - This is considered essential spending because it is necessary for covering potential health costs.
B. Going to the movies - This is considered nonessential spending because it is a leisure activity and not necessary for survival.
C. Paying interest on loans - This is considered essential spending because it is a mandatory financial obligation.
D. Paying federal taxes - This is also considered essential spending because it is a legal obligation.
So, the answer to your question is B. Going to the movies.
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