Problem 6-2 Determining the Debt Payments-to-Income Ratio [LO6-3] Louise's monthly gross income is $2,200. Her employer withholds $440 in federal, state, and local income taxes and $176 in Social Security taxes per month. Louise contributes $88 per month for her IRA. Her monthly credit payments for Visa, MasterCard, and Discover cards are $39, $39, and $23, respectively. Her monthly payment on an automobile loan is $365. (a) What is Louise's debt payments-to-income ratio? Note: Enter your answer as a percent rounded to 1 decimal place