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ITEM DESCRIPTION ...

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Question

Finance

ITEM DESCRIPTION
Employment wages $115000
Interest earned $950
Dividends earned $1200
Mortgage payments $36000
Auto loan payments $3000
Student loan payments $8000
Taxes $31000
Utilities $3400
Personal savings $11000
Gas $3000
Groceries $7000
Entertainment $5500
Charitable donations $400
Clothing $1500
Travel $1000

What is the debt-to-income ratio?

43.02%

40.12%

49.51%

36.68%

Answer & Explanation Solved by verified expert
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