Multiple Choice
Mike and Teresa Garza have a monthly gross income of $5,000,but they pay $1,000 per month in taxes.They also pay $2,000 per month in various loan payments.What is their debt service ratio?
A) 20%
B) 30%
C) 40%
D) 50%
E) 60%
Correct Answer:
Verified
Correct Answer:
Verified
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