Question: please answer clearly Problem 5-3 Determining the Debt-Payments-to-Income Ratio [LO3] Louise Gendron's monthly gross income is $4,200. Her employer withholds $630 in federal and provincial

please answer clearly please answer clearly Problem 5-3 Determining the Debt-Payments-to-Income Ratio [LO3] Louise Gendron's

Problem 5-3 Determining the Debt-Payments-to-Income Ratio [LO3] Louise Gendron's monthly gross income is $4,200. Her employer withholds $630 in federal and provincial income taxes, $198.68 towards the Canada Pension Plan, and $56.67 for El contributions. Louise contributes $120 per month to her RRSP. Her monthly credit payments for Visa and MasterCard are $77 and $67, respectively. Her monthly payment on an automobile loan is $435. a. Whot is Louise's debt-payments-to-income ratio? (Round your answer to 2 decimal places. Omit "\%" sign in your response.) Debt payments-to-income ratio b. Is Loulse living within her means? Yes No

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