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answer Louise Gendron's monthly gross income is $4,500. Her employer withholds $675 in federal and provincial income taxes, $204.68 towards the Canada Pension Plan, and
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Louise Gendron's monthly gross income is $4,500. Her employer withholds $675 in federal and provincial income taxes, $204.68 towards the Canada Pension Plan, and $62.67 for El contributions. Louise contributes $150 per month to her RRSP. Her monthly credit payments for Visa and MasterCard are $80 and $70, respectively. Her monthly payment on an automobile loan is $450. a. What is Louise's debt-payments-to-income ratio? (Round your answer to 2 decimal places. Omit "\%" sign in your response.) Debt payments-to-income ratio % b. Is Louise living within her means? Yes NoStep by Step Solution
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