Affan Chawdry Has Monthly Net Income of $1,050

Multiple Choice

Affan Chawdry has monthly net income of $1,050. He has a house payment of $450 per month, a car loan with payments of $250 per month, a Visa card with payments of $50 per month, and a credit card with a local department store with payments of $100 per month. What is Affan's debt payments-to-income ratio?

A) 2.63
B) 1.24
C) 0.81
D) 0.38
E) 0.50