Question
Louise McIntyres monthly gross income is $3,900. Her employer withholds $860 in federal, state, and local income taxes and $410 in Social Security taxes per
Louise McIntyres monthly gross income is $3,900. Her employer withholds $860 in federal, state, and local income taxes and $410 in Social Security taxes per month. Louise contributes $260 each month to her IRA. Her monthly credit payments for VISA and MasterCard are $145 and $185, respectively. Her monthly payment on an automobile loan is $295.
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?
multiple choice
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No Correct
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Yes
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Supply Chain Finance And Blockchain Technology The Case Of Reverse Securitisation
Authors: Erik Hofman, Urs Magnus Strewe, Nicola Bosia
1st Edition
3319623702, 978-3319623702
