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3 May, 05:22

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

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  1. 3 May, 06:38
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    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
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