Solved

Eric Jones Develops Computer Software for a Major Company

Question 90

Multiple Choice

Eric Jones develops computer software for a major company.Eric's salary and bonuses total $82,000,but he pays $29,233 in income and Social Security taxes.If Eric's annual debt repayments are $33,620,what is his debt -to-income ratio?


A) 41 percent
B) 64 percent
C) 36 percent
D) 77 percent

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions