Eric Jones Develops Computer Software for a Major Company

question 90

Multiple Choice

Eric Jones develops computer software for a major company.Eric's salary and bonuses total $82,000,but he pays $29,233 in income and Social Security taxes.If Eric's annual debt repayments are $33,620,what is his debt -to-income ratio?

• A)41 percent
• B)64 percent
• C)36 percent
• D)77 percent

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Definitions:

Personalized Attention

Tailored support or focus given to an individual, taking into consideration their specific needs, preferences, or circumstances.

Indirect Service

A form of service or support provided through means that do not involve direct one-on-one interaction, often through the efforts aimed at community or group benefits.

Crisis Intervention

Immediate and short-term psychological care aimed at assisting individuals in a crisis situation to restore equilibrium.

Money Management

The process of budgeting, saving, investing, spending, or otherwise overseeing the capital usage of an individual or group.