QUESTION 3 Answer the following questions: a. Zainab monthly gross income is $3,500. Her employer withholds 20% in income taxes and 5% in Social Security taxes per month. Zainab contributes $80 per month for her IRA. Her monthly credit payments for Visa and MasterCard are $50 and $70 respectively. Her monthly payment on an automobile loan is $400. What is Zainabs debt payments-to-income ratio? [1 mark] Is Zainabs living within her means? [0.5 mark] What is the maximum amount of debt that she can afford? [0.5 mark] b. Explain TWO basic types of credit. Give examples of both [2 marks]