The smith family has a gross income of 85000 a year and


The Smith family has a gross income of $85,000 a year and they pay the following bills:

annual taxes: $19,550
monthly mortgage $1,850
credit card 1 $320 a month
credit card 2 $190 a month
personal loans: $113 twice a month
department store charge account $65.00 a month

Calculate their Debt limit.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: The smith family has a gross income of 85000 a year and
Reference No:- TGS01709985

Expected delivery within 24 Hours