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Louise McIntyre's monthly gross income is $3,300. Her employer withholds $800 in federal, state, and local income taxes and $350 in Social Security taxes per month. Louise contributes $200 each month for her IRA.

Her monthly credit payments for VISA and MasterCard are $115 and $110, respectively. Her monthly payment on an automobile loan is $325.

What is Louise's debt payments-to-income ratio? (Enter your answer as a percent rounded to 2 decimal places.)

Financial Management, Finance

  • Category:- Financial Management
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