Question
Logans financial situation is as follows: Monthly Gross Income, $3,500 Federal, State, and Local Taxes, $ 825 Social Security Tax, $120 IRA(Retirement) contribution per month,
Logans financial situation is as follows:
Monthly Gross Income, $3,500 Federal, State, and Local Taxes, $ 825
Social Security Tax, $120 IRA(Retirement) contribution per month, $150
Car Payment per month, $325 Credit card minimums, $160,
Motorcycle loan, $175
What is Logans DEBT PAYMENTS to INCOME ratio?
Is he living within his means? Why/Why not?
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Financial Management Theory And Practice
Authors: Prasanna Chandra
11th Edition
9355322208, 978-9355322203
