If Liza's debt safety ratio is 15% and her monthly take-home pay is $4,500, which of the following equals her total monthly payments?
A) $675
B) $1,200
C) $500
D) $450
E) $890

Question

Quizplus · Accepted Answer

The debt safety ratio is the percentage of one's take-home pay that goes towards debt payments. To find Liza's total monthly payments, multiply her monthly take-home pay by her debt safety ratio: $4,500 * 15% = $675.

If Liza's Debt Safety Ratio Is 15% and Her Monthly