Question

Financial experts recommend a debt/payment ratio of less than ____ of take-home pay.

a) 30%
b) 50%
c) 20%
d) 10%

Answer 1

Financial experts recommend a debt/payment ratio of less than 30% of take-home pay.

Step-by-step explanation:

Financial experts recommend a debt/payment ratio of less than 30% of take-home pay. This means that the amount of debt you have should be less than 30% of your income after taxes and deductions.