Clara comes to see you for a $25,000 loan. The payments will be $315. She rents for $725. Her insurance is $220. She has a credit card with a $5500 limit and $65 payment, and a credit line with a$7000 limit and payment of $180. She earns $50,000. Her income taxes are $9,500, CPP & El are $2800. What is Clara's TDS?38.85%30.84%36.12%O Not enough information. Can not be determined.

TDS total debt service ratio is very important while giving loans and mortgages and it must be…

Clara comes to see you for a $25,000 loan. The payments will be $315. She rents for $725. Her insurance is $220. She has a credit card with a $5500 limit and $65 payment, and a cr $7000 limit and payment of $180. She earns $50,000. Her income taxes are $9,500, CPP & El are $2800. What is Clara's TDS? 38.85% 30.84% 36.12% Not enough information C

Clara comes to see you for a $25,000 loan. The payments will be $315. She rents for $725. Her insurance is $220. She has a credit card with a $5500 limit and $65 payment, and a cr $7000 limit and payment of $180. She earns $50,000. Her income taxes are $9,500, CPP & El are $2800. What is Clara's TDS? 38.85% 30.84% 36.12% Not enough information C

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter6: Business Expenses

Section: Chapter Questions

Problem 69P

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