Question

Given the expenses and income below, what is the front ratio? Monthly expenses: Mortgage (including all housing costs) = $1,982 Student loan = $258 Minimum credit cardpayments = $184 Home equity loan = $237 Monthly income: Salary = $4,115 Bonus = $700 Side business = $1,000 Dividends/interest = $9530.7%31.4%32.8%33.5%None of these choices are correct.

Answer 1

ANSWER:

45% (none of the choices)

SOLUTION:

front ratio is the ratio of expenses over income

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