Her monthly credit payments for visa and mastercard are 115, Financial Management

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Her monthly credit payments for visa and mastercard are 115

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.)

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Financial Management: Her monthly credit payments for visa and mastercard are 115

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