Question
Ben has the following debt expenses and income figures: Debt Mortgage = $950 Minimum credit card payments = $235 Car loan = $355 Income Monthly
Ben has the following debt expenses and income figures:
Debt
Mortgage = $950
Minimum credit card payments = $235
Car loan = $355
Income
Monthly gross income = $3,500
Child support = $500
Calculate Ben's DTI ratio and comment on Ben's financial health.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate Bens DebttoIncome DTI ratio we first need to determine his total monthly debt expenses ...
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Step: 2
Step: 3
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
