Question: Question 1 (2 points) Katie and Tom are planning on having a family, and just bought a house in Tallahassee, FL. Tom currently works as

Question 1 (2 points) Katie and Tom are planning on having

Question 1 (2 points) Katie and Tom are planning on having a family, and just bought a house in Tallahassee, FL. Tom currently works as an assistant manager, getting paid a salary of $40000 a year. While Katie works as a tutor at the local school part time 40 hours a month at $16/hr. Their monthly housing expenses are $1200 Calculate their mortgage debt ratio? (ENTER YOUR ANSWER WOULD BE 64) AS A PERCENTAGE, S0.64 Your

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