Question
Anna Ming is paid on an hourly basis at a rate of 17.50. Her paystub indicates that she normally works 40 hours per week. Her
- Anna Ming is paid on an hourly basis at a rate of 17.50. Her paystub indicates that she normally works 40 hours per week. Her paystubs reflect that she consistently works 7 hours of Overtime each week. Please calculate her monthly income. Next, please calculate her housing ratio based on the facts below, then calculate her total debt to income ratio.
Proposed PITI is $1,225.40. Current monthly obligations are an auto loan of 230.00, a Rail and T Pass of 180.00, a student loan of 125.00, and a minimum on her MasterCard of 58.00.
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0471730513, 978-0471730514
