Ask Question
22 August, 03:20

F your monthly net (after-tax) income is $1,500, what should be your maximum amount spent on credit payments? Question 10 options: $200 $300 $400 $500

+1
Answers (1)
  1. 22 August, 03:32
    0
    Your debt payment to income ratio should be a maximum of 20%, meaning you shouldn't spend more than 20% of your income on credit payments.

    1500 * 20% = $300

    Answer is $300
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “F your monthly net (after-tax) income is $1,500, what should be your maximum amount spent on credit payments? Question 10 options: $200 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers