Question
Louise Gendron's monthly gross income is $4,200. Her employer withholds $630 in federal and provincial income taxes, $198.68 towards the Canada Pension Plan, and $56.67
Louise Gendron's monthly gross income is $4,200. Her employer withholds $630 in federal and provincial income taxes, $198.68 towards the Canada Pension Plan, and $56.67 for EI contributions. Louise contributes $120 per month to her RRSP. Her monthly credit payments for Visa and mastercard are $77 and $67, respectively. Her monthly payment on an automobile loan is $435. What is Louise's debt payment to income ratio?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino
6th Canadian edition
1259453146, 978-1259453144
