Question

0. Sarah takes home $33,000 per year from her job as a computer repairperson. Her only debt obligations are a car loan payment of $395 and a credit card payment of $110 every month. Help Sarah go through the steps to see if she is in danger of credit overload. (5 points: Part I - 1 point; Part II - 1 point; Part III - 1 point; Part IV - 1 point; Part V - 1 point) Part I: How much money does Sarah take home per month?

Answer 1

Answer:

Her monthly take home amount is $2750. she is not in danger of credit overload as her total debt obligation per month is only $505 which is only 19% of her overall take home

Explanation:

Sarah's annual take home is $ 33,000 , If we divide it by 12 months so her monthly take home amount will be $2750, Her monthly debt obligation are $395 for Car & $110 Credit card payment which sums to $505. so will still have $2245 every month after paying debt obligation.