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DOVE Quiz (i Louise Gendron's monthly gross income is $3,600. Her employer withholds $540 in federal and provincial income taxes and $170 in Canada Pension
DOVE Quiz (i Louise Gendron's monthly gross income is $3,600. Her employer withholds $540 in federal and provincial income taxes and $170 in Canada Pension Plan contributions per month. Louise contributes $280 per month to her RRSP. Her monthly credit payments for Visa and MasterCard are $73 and $53, respectively. Her monthly payment on an automobile loan is $375. 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? O Yes O No
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