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Help me with all the questions please and thank you Cho5 HW 6 Saved Help Save & Exlt Submit Check my work 2 Problem 5-2
Help me with all the questions please and thank you
Cho5 HW 6 Saved Help Save & Exlt Submit Check my work 2 Problem 5-2 (LO5.3) Louise McIntyre's monthly gross income is $4,000. Her employer withholds $870 in federal, state, and local income taxes and $420 in Social Security taxes per month. Louise contributes $270 each month for her IRA. Her monthly credit payments for VISA and MasterCard are $150 and $190, respectively. Her monthly payment on an automobile loan is $290 points eBooka.What is Louise's debt payments-to-income ratio? (Enter your answer as a percent rounded to 2 decimal places.) Print Debt payments-to-income ratio References b. Is Louise living within her means? No Yes Ch05 HW 6 Saved Help Save & Exlt Submit Check my work 3 Problem 5-3 (LO5.3) Robert Sampson owns a townhouse valued at $179,000 and still has an unpaid mortgage of $144,000. In addition to his mortgage, he has the following liabilities: points eBook Print References Visa MasterCard Discover card Education loan Personal bank loan Auto loan Total $ 725 320 525 4,000 700 5,400 $11, 676 Robert's net worth (not including his home) is about $33,000. This equity is in mutual funds, an automobile, a coin collection, furniture, and other personal property a. What is Robert's debt-to-equity ratio? (Round your answer to 2 decimal places.) Debt-to-equity ratio b. Has he reached the upper limit of debt obligationsStep by Step Solution
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