Question: USE THE FOLLOWING DATA TO ANSWER THE QUESTION John and Anne have the following expenses and account balances: John's annual 401(k) contribution $22,000 John's annual

USE THE FOLLOWING DATA TO ANSWER THE QUESTION John and Anne

USE THE FOLLOWING DATA TO ANSWER THE QUESTION John and Anne have the following expenses and account balances: John's annual 401(k) contribution $22,000 John's annual salary $165,000 Current Liabilities $36,000 Housing Costs (PITI) monthly $3,450 Cash & Cash Equivalents $60,000 Monthly non-discretionary cash flows $7,500 Monthly debt payments other than housing $1,000 John's employer matches $1 for $1 up to 5% of his salary in his 401(k) plan. * Based on the information above, calculate the Housing Ratio 1. 20.42% 0 24.21% 0 25.09% 22.78%

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