Question
10. Louise McIntyres monthly gross income is $2,000. Her employer withholds $400 in federal, state, and local income taxes and $160 in Social Security taxes
10.
| Louise McIntyres monthly gross income is $2,000. Her employer withholds $400 in federal, state, and local income taxes and $160 in Social Security taxes per month. Louise contributes $80 each month for her IRA. Her monthly credit payments for VISA and MasterCard are $35 and $30, respectively. Her monthly payment on an automobile loan is $285. |
| a. | What is Louise's debt payments-to-income ratio? (Enter your answer as a percent rounded to 2 decimal places.) |
| Debt payments-to-income ratio | % |
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Wealth By The Acre How To Buy Own And Invest In Vacant Land
Authors: Yaswanth Nukasani ,Noah Boren
1st Edition
979-8351951614
