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oulse's monthly gross income is $2.500. Her employer withholds $500 in federal, state, and local income taxes and $200 in Social Security taxes per month.

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oulse's monthly gross income is $2.500. Her employer withholds $500 in federal, state, and local income taxes and $200 in Social Security taxes per month. Loulse contributes $100 per month for her IRA. Her monthly credit payments for Visa, MasterCard, and Discover cards are $36,$36, and $27, respectively. Her monthly payment on an automobile loan is $303. (a) What is Louise's debt payments-to-income ratio? Note: Enter your answer as a percent rounded to 1 decimal ploce. (b) is Loulse living within her means? Yes No

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