Y5

Using the following incomes and expenses information, calculate the total debt-to-income ratio:

• Employment wages: $115,000
• Interest earned: $950
• Dividends earned: $1,200
• Mortgage payments: $38,600
• Auto loan payments: $3,300
• Student loan payments: $9,000
• Taxes: $31,050
• Utilities: $3,600
• Personal savings: $12,000
• Gas: $3,500
• Groceries: $7,200
• Entertainment: $6,000
• Charitable donations: $500
• Clothing: $1,500
• Travel: $1,000

53.69%

43.45%

39.41%

46.52%