Owen makes $3,000 per month. he spends $300 on credit card payments and $350 on an auto loan. what is his debt-to-income ratio?

The debt-to-income ratio is 13:60

Step-by-step explanation:

Owen makes $3,000 per month.

He spends $300 on credit card payments and $350 on an auto loan.

Debt is amount whose amount paid by Owen.

Total monthly Debt = Credit Card Payment + Loan payment

                                =  300+350

                                = $650

Total monthly Income = $3000

Substitute into formula

In percentage 13:60 = 21.67% ≈ 22%

Hence, The debt-to-income ratio is 13:60

36/60

36/2=18

60/2=30

18/30

18/3=6

30/3=10

6/10

6/2=3

10/2=5

your final answer would be 3/5 of an

hope this !