Hello,

can you help with the below?

3. Determining the Debt-Payments-to-Income Ratio: Louise Gendrons monthly gross income is $3,000. Her employer withholds $450 in federal and provincial income taxes and $134 in CPP contributions per month. Louise contributes $100 per month to her RRSP. Her monthly credit payments for VISA and MasterCard are $55 and $35 respectively. Her monthly payment on an automobile loan is $285. What is Louises debt payments-to-income ratio? Is Louise living within her means?

A: NOTE: First solve/input for the following line items to get your Net take-home pay before providing your recommended answer.

Louises Gross Income = A: Less: Income taxes = A: Less: CPP contribution = A: Less: RRSP contribution = A: Net take-home pay = A: