Ben has the following debt expenses and income figures: Debt Mortgage = $950 Minimum credit card payments
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Question:
Ben has the following debt expenses and income figures:
Debt
Mortgage = $950
Minimum credit card payments = $235
Car loan = $355
Income
Monthly gross income = $3,500
Child support = $500
Calculate Ben's DTI ratio and comment on Ben's financial health.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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