Find Mack's debt-to-income ratio if his monthly expenses are $2850 and his monthly salary is $4000 PLS SHOW WOR!!!
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debt-to-income ratio= 0.7125

Step-by-step explanation:

Giving the following information:

Monthly expenses= $2,850

Monthly income= $4,000

To calculate the debt-to-income ratio, we need to use the following formula:

debt-to-income ratio= monthly debt payment / gross monthly income

debt-to-income ratio= 2,850/4,000

debt-to-income ratio= 0.7125

As a percentage:

debt-to-income= 0.7125*100

debt-to-income= 71.25%

The debt-to-income ratio is the percentage of your income dedicated to paying your debts.

answer: check all that apply, where the options?

step-by-step explanation: