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06-06-2023
Business

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Landon's financial situation is as follows: Monthly Gross Income: $2,500 Federal, State, and Local Taxes: \$650 Social Security Tax: $100 IRA(Retirement) contribution per month: $150 Car Payment per month: $235 Credit card minimums: $60, Motorcycle loan: $125 - What is Landon's DEBT PAYMENTS to INCOME ratio? - Is he living within his means? Why/Why not? Explain carefully.

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