Louise Gendron's monthly gross income is $4,000. Her employer withholds $650 in federal and provincial income...

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Louise Gendron's monthly gross income is $4,000. Her employer withholds $650 in federal and provincial income taxes, $194.68 towards the Canada Pension Plan, and $52.67 in El contributions. Louise contributes $100 per month her RRSP. Her monthly credit payments for VISA and MasterCard are $75 and $65 respectively. Her monthly payment on an automobile loan is $425. What is Louise's debt payments-to-income ratio? Is Louise living within her means? Explain. Louise's Gross Income $4,000 Less: Income taxes -650 -194.68 Less: CPP contribution & El contributions -52.67 -100 3002.65 = E E Less: RRSP contribution Net take-home pay Her monthly credit payment. Is Louise over-extended? Use the space below to show and describe your work. = Louise Gendron's monthly gross income is $4,000. Her employer withholds $650 in federal and provincial income taxes, $194.68 towards the Canada Pension Plan, and $52.67 in El contributions. Louise contributes $100 per month her RRSP. Her monthly credit payments for VISA and MasterCard are $75 and $65 respectively. Her monthly payment on an automobile loan is $425. What is Louise's debt payments-to-income ratio? Is Louise living within her means? Explain. Louise's Gross Income $4,000 Less: Income taxes -650 -194.68 Less: CPP contribution & El contributions -52.67 -100 3002.65 = E E Less: RRSP contribution Net take-home pay Her monthly credit payment. Is Louise over-extended? Use the space below to show and describe your work. =

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Step 1 Calculate the total debt payments 7565425565 Step 2 Calculate the debttoinc... View the full answer