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Assume that Jane Doe has the following financial information: Monthly gross income is $3,500. Monthly Employer withholds (Federal, State & Local Taxes: $750 Monthly Social

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Assume that Jane Doe has the following financial information: Monthly gross income is $3,500. Monthly Employer withholds (Federal, State & Local Taxes: $750 Monthly Social Security taxes per month: $260 Monthly IRA Contribution: $300 Monthly auto loan payment: $485 Monthly minimal VISA card payment: $35 Monthly minimal Master Card payment: $30 Monthly minimal Discover card payment: $20 What is Jane's debt payments-to-income ratio? Is Jane living within her means? Show all work. Circle your answers

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