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Lcpl azimi's base pay is $1800 per month. he also receives partial bah of $10. 00 and bas of $290. his total withholdings are $300. he pays $250 per month for his car payment, $20 per month for a navy marine corps relief quick assist loan and the minimum payment on his credit card is $30 per month. what is azimi's debt to income ratio?

Sagot :

Tundexi

The debt to income ratio of azimi equals 16.67% because his gross income is $1,800 and total debt is $300.

What is a debt to income ratio?

Its means the percentage of one' sgross monthly income that goes to paying your monthly debt payments.

Given data

Gross income = $1,800

Total Debt = $300 (250+20+30)

What is the debt to income ratio?

= $300 / $1,800

= 0.16667

= 16.67%

Therefore, the debt to income ratio of azimi equals 16.67% because his gross income is $1,800 and total debt is $300.

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