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Louise Gendron's monthly gross income is $3,600. Her employer withholds $540 in federal and provincial income taxes and $170 in Canada Pension Plan contributions per

Louise Gendron's monthly gross income is $3,600. Her employer withholds $540 in federal and provincial income taxes and $170 in Canada Pension Plan contributions per month. Louise contributes $280 per monthto her RRSP. Her monthly credit payments for Visa and MasterCard are $73 and $53, respectively. Her monthly payment on an automobile loan is $375.

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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