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Louise Mcintyre's monthly gross income is $3700 Her employer witholds $840 in federal, state, and local income taxes and $390 in Social Security taxes per

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Louise Mcintyre's monthly gross income is $3700 Her employer witholds $840 in federal, state, and local income taxes and $390 in Social Security taxes per month. Louise contributes $240 each month for her IRA. Her monthly credit payments for VISA and MasterCard are $135 and $150, respectively. Her monthly payment on an automobile loan is $305. o. What is Louise's debt payments-to-income ratio? (Enter your answer as a percent rounded to 2 decimal places.) Debt ratio b. Is Louise living within her means? O Yes O No

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