Question

What calculation will help you figure out your debt payments-to-income ratio? A) monthly net income × monthly debt payments B) monthly debt payments + total credit payments C) monthly debt payments ÷ monthly net income D) monthly net income + total credit payments

Answer 1

c

Step-by-step explanation:

Answer 2

Answer: the answer is C) monthly debt payments ÷ monthly net income

Explanation:To calculate your debt-to-income ratio (DTI), add up all of your monthly debt obligations, then divide the result by your gross (pre-tax) monthly income, and then multiply that number by 100 to get a percentage.