How much annual income would you need to have if, using the 28/36 ratio, your maximum allowable recurring debt is $380?

$30.40

Step-by-step explanation:

Recurring debt is am amount paid for the debt service. It involves all the payment which could not be canceled on the request. It includes Child Support, Loan Payment etc.

A household is required to spend 28% of the gross income as housing expenses, but not above 36% of total debt.

Housing expense = 28% x 380 = $106.4

Expense on Debt = 36% x 380 = $136.80

So,

Allowable recurring debt having income of $380 = 136.80 - 106.40 = $30.4

a) 0.25x times 3. (could be wrong on equation.)

b) 2.25 pound of dark chocolate. (can i eat all the chocolate? plz? anyway, again, could be wrong, but i hope im right. all the chocolate together should be 5.25 pounds)

have a good day!