Given the Following Information, Calculate the Debt Payments Ratio: Liabilities

question 4

Multiple Choice

Given the following information, calculate the debt payments ratio: Liabilities = $25,000
Liquid assets = $5,000
Monthly credit payments = $800
Monthly savings = $760
Net worth = $75,000
Current liabilities = $2,000
Take-home pay = $2,300
Gross income = $3,500
Monthly expenses = $2,050

• A) 33.79%
• B) 3.06%
• C) 2.40%
• D) 34.78%
• E) 21.71%

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Definitions:

Perception

The process by which individuals interpret and organize sensory information to produce a meaningful experience of the world.

Emotions

Complex psychological states that involve a subjective experience, a physiological response, and a behavioral or expressive response.

Perceptual Adaptation

The ability of the body to adjust to an environment by filtering distractions.

Perceptual Constancy

The psychological phenomenon that allows us to perceive objects as unchanging despite changes in sensory input.