Rachel Johnson Has Net Monthly Income of $2,500

question 48

Multiple Choice

Rachel Johnson has net monthly income of $2,500. She has a monthly auto loan payment of $275, a student loan payment of $150, and a credit card minimum payment of $50. What is her debt-payments-to-income ratio?

• A) 8%
• B) 13%
• C) 17%
• D) 19%
• E) 20%

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Definitions:

Symbolic

Relating to symbols or the use of symbols to represent ideas or qualities.

Recognition

The act of acknowledging or rewarding the achievements or efforts of individuals or groups, often used as a motivational tool.

Managers Share

The portion of responsibility or information that managers possess and often distribute among team members to achieve organizational goals.

Facilitator

A person who makes an action or process easy or easier, often in a group or meeting setting.