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  3. 6. louise mcintyre's monthly gross income is $5,00

6. Louise McIntyre's monthly gross income is $5,000. Her employer withholds $400 in federal, state,...

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Accounting

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6. Louise McIntyre's monthly gross income is $5,000. Her employer withholds $400 in federal, state, and local income taxes and $160 in Social Security taxes per month. Louise contributes $80 per month for her IRA. Her monthly credit payments for VISA and MasterCard are $35 and $30, respectively. Her monthly payment on an automobile loan is $285. What is Louise's debt payments.to income ratio? Is Louise living within her means? (10 points)

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