Multiple Choice Question
Phil makes a monthly take-home pay of $4500.
His expenses are shown in the table below. Is Phil is credit overload?
Rent
1300.00
Utilities
129.00
Gym Membership
25.00
Car Payment
525.00
Credit Card bill
842.00
Miscellaneous
1500
A.
No, because his take-home pay is more than his combined expenses
B.
No, because his bad debt is under 50% of his take-home pay
C.
Yes, because his bad debt is over 20% of his take-home pay
D.
Yes, because he only has $179 left of his take-home pay