Louise Gendrons monthly gross income is $4,300. Her employer withholds $645 in federal and provincial...
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Louise Gendrons monthly gross income is $4,300. Her employer withholds $645 in federal and provincial income taxes, $200.68 towards the Canada Pension Plan, and $58.67 for EI contributions. Louise contributes $130 per month to her RRSP. Her monthly credit payments for Visa and MasterCard are $78 and $68, respectively. Her monthly payment on an automobile loan is $440. a. What is Louises debt-payments-to-income ratio? (Round your answer to 2 decimal places. Omit "%" sign in your response.) Debt paymentstoincome ratio % b. Is Louise living within her means?
multiple choice
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Yes
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No
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