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Compute the debt payment ratio

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Given the following financial information, compute the debt payment ratio.

Show all work including the formula and state whether this is a good ratio. Why or why not?

Checking account of $600/Savings account of $4,000/Monthly car payment of $200/Monthly credit card payment of $600/Monthly student load of $400/Monthly income of $2,500.

What are the two primary ways to pay income taxes in advance? And, explain why you might receive a refund when you file your income tax return.

Reference no: EM133234381

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