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Louise Gendron's monthly gross income is $3,300. Her employer withholds $495 in federal and provincial income taxes and $158 in Canada Pension Plan contributions per

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Louise Gendron's monthly gross income is $3,300. Her employer withholds $495 in federal and provincial income taxes and $158 in Canada Pension Plan contributions per month Louise contributes $220 per month to her RRSP. Her monthly credit payments for Visa and MasterCard are $67 and $47, respectively, Her monthly payment on an automobile loan is $345. 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? Yes No

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