1. Taking Out a Motorcycle Loan. Kevin Jones, of Elon, North Carolina, is single and recently graduated from law school. He is employed and earns $9,000 per month, an awesome salary for someone only 26 years old. He also has $1,800 withheld for federal income tax $500 for state income taxes, $700 for Medicare and So- cial Security taxes, and $230 for health insurance every month. Kevin has outstanding student loans of almost $80,000 on which he pays about $900 per month and a 0% loan on an auto loan payment of $300 on a Ford Fusion Hybrid he purchased during law school. He is consider- ing taking out a loan to buy a Kawasaki motorcycle. new DO IT IN CLASS page 185 (a) What is Kevin's debt payments-to-disposable in- come ratio? (b) Based on your answer to (a), how would you advise bast Kevin about his plan? 754 UCN J6AT ok