Taking Out a Motorcycle Loan Kevin Jones, of Elon, North Carolina, is single and recently graduated from law school. He is employed and earns $9,300 per month, an awesome salary for someone only 26 years old. He also has $2,000 withheld for federal income tax, $510 for state income taxes, $710 for Medicare and Social Security taxes, and $220 for health insurance every month. Kevin has outstanding student loans of almost $80,000 on which he pays about $900 per month and a 0% loan on an auto loan payment of $350 on a Ford Fusion Hybrid he purchased new during law school. He is considering taking out a loan to buy a Kawasaki motorcycle a. What is Kevin's debt payments to disposable income ratio? Round your answer to two decimal places b. Based on your answer to (a), how would you advise Kevin about his plan? The input in the box below will not be graded, but may be reviewed and considered by your instructor Barrie and Inga Adlington, of Birmingham, England, have just finished putting their three daughters through college. As empty-nesters, they are considering purchasing a vacation home in the United States on a lake because prices have dropped in recent years. The house might also serve as a retirement home once they retire in 6 years. The Adlingtons' net worth is $385,000 including their home worth about $265,000 on which they currently owe $42,000 for their first mortgage with a $770 per month payment. Their outstanding debts in addition to their mortgage include $12,600 on one car loan (5260 monthly payment). $13,500 on a second car loan ($283 monthly payment), and a $25,300 second mortgage on their home taken out to help pay for their daughters' college expenses ($187 monthly payment). Their income is $100,000