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Louise McIntyres monthly gross income is $3,200. Her employer withholds $790 in federal, state, and local income taxes and $340 in Social Security taxes per

Louise McIntyres monthly gross income is $3,200. Her employer withholds $790 in federal, state, and local income taxes and $340 in Social Security taxes per month. Louise contributes $190 each month for her IRA. Her monthly credit payments for VISA and MasterCard are $110 and $105, respectively. Her monthly payment on an automobile loan is $330.

a. What is Louise's debt payments-to-income ratio? (Enter your answer as a percent rounded to 2 decimal places.)

b. Is Louise living within her means? No Yes

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