Question

Trudy’s monthly expenses are outlined in the chart below. Trudy’s job pays her $36,000 annually. Determine Trudy’s DTI (debt-to-income) ratio.

a.
28%
b.
35%
c.
37%
d.
44%

Answer 1

I found the missing data:
Monthly expenses:
rent is $695
car payment is $265
student loan's $200
credit cards $160

695 + 265 + 200 + 160 = 1,320
1,320 * 12 months = 15,840

Debt-to-Income ratio = 15,840 / 36,000
Debt-to-Income ratio = 0.44

Trudy's DTI ratio is d. 44%