Answers 2025-2026 GSP Mathematical Reasoning for Decision Making Test — TestQuestion 19

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Question 19 • 2025-2026 GSP Mathematical Reasoning for Decision Making

Johnny’s monthly expenses and income are listed below. Calculate Johnny’s debt-to-income (DTI) ratio. Johnny's Monthly Debt and Income Housing: Rent $950.00 Renter's Insurance $25.00 Credit: Student $250.00 Car $239.00 Credit Card #1 $25.00 (minimum) Credit Card #2 $40.00 (minimum) Income: Sales Rep $4,400.00 Tutoring $600.00

Answer

A

28%

B

33%

C

31%

D

35%

Explanation

Add the listed monthly expenses: $950 + $25 + $250 + $239 + $25 + $40 = $1,529. Johnny’s total monthly income is $4,400 + $600 = $5,000. His DTI ratio is ($1,529 ÷ $5,000) × 100 = 30.58%, which rounds to 31%, choice c.

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