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Calculate the gds and tds ratio

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Question - Given the following, calculate the GDS and TDS ratio, comment if they are acceptable and why:

Gross income $75,000

Income taxes 20,000

Heat 150

Credit card balance 5,000

Credit card payments 250

Insurance 125

Bank account $1,000

Property taxes $2,400

Car payment $275

Car loan balance $10,000

Mortgage payments $1,300

Student loan payments 200

Reference no: EM133154999

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