Calculate Phil's TDS and GDS ratios. Show all formulas ans all work.

comment on each ratio. Is Phil below, or above the acceptable maximum for each ratio.

emploment income $60,000 year (gross)

mortgage $240 weekly

property tax $1200 a year

heat $75 a month

cell phone $70 a month

line of credit $150 a month

bmo rewards via $635 balance $2000 limit 3% minimum payment

scotia visa $2050 balance $3000 limit 3% minimum payment

car loan (2010 corolla) $315 a month

GDS ratio?

TDS ratio?