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Given the following, what is the savings ratio? Item Annual Amount/Value Gross income $120,000 Home $450,000 Mortgage $360,000 Stock portfolio $65,000 Disposable income $80,400 Bank

Given the following, what is the savings ratio?

Item Annual Amount/Value

Gross income $120,000

Home $450,000

Mortgage $360,000

Stock portfolio

$65,000

Disposable income $80,400

Bank accounts $16,000

Credit card balances $2,000

Automobile $30,000

Automobile loan $20,000

Total expenses $76,000

Automobile 2 $20,000

Points: 1

A3.00%

B19.90%

C5.47%

D3.67%

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