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Louise's monthly gross income is $2,700. Her employer withholds $540 in federal, state, and local income taxes and $216 in Soci Security taxes per
Louise's monthly gross income is $2,700. Her employer withholds $540 in federal, state, and local income taxes and $216 in Soci Security taxes per month. Louise contributes $108 per month for her IRA. Her monthly credit payments for Visa, MasterCard, and Discover cards are $39, $38, and $29, respectively. Her monthly payment on an automobile loan is $344. (a) What is Louise's debt payments-to-income ratio? Note: Enter your answer as a percent rounded to 1 decimal place. Debt payments-to-income ratio (b) Is Louise living within her means? Yes No
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Project Finance in Theory and Practice
Authors: Stefano Gatti
2nd edition
978-9382291589, 123919460, 978-0124157538, 978-0123919465
