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USE THE FOLLOWING DATA TO ANSWER THE QUESTION John and Anne have the following expenses and account balances: Johns annual 401(k) contribution $22,000 Johns annual
USE THE FOLLOWING DATA TO ANSWER THE QUESTION
John and Anne have the following expenses and account balances:
| Johns annual 401(k) contribution | $22,000 |
| Johns annual salary | $165,000 |
| Current Liabilities | $36,000 |
| Housing Costs (PITI) monthly | $3,450 |
| Cash & Cash Equivalents | $60,000 |
| Monthly non-discretionary cash flows | $7,500 |
| Monthly debt payments other than housing | $1,000 |
| * Johns employer matches $1 for $1 up to 5% of his salary in his 401(k) plan. | |
Based on the information above, calculate the Housing Ratio 2.
| 32.36% | ||
| 30.20% | ||
| 28.36% | ||
| 34.75% |
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