Johnny’s monthly expenses and income are listed below. Calculate Johnny’s debt-to-income (DTI) ratio.
Johnny's Monthly Debt and Income
Housing:
Rent
$950.00

Renter's Insurance
$25.00

Credit:
Student
$250.00

Car
$239.00

Credit Card #1
$25.00 (minimum)

Credit Card #2
$40.00 (minimum)

Income:
Sales Rep
$4,400.00

Tutoring
$600.00

a.
28%
b.
33%
c.
31%
d.
35%