Louise McIntyre's monthly gross income is $3,600. Her employer withholds $760 in federal, state, and local income taxes and $310 in Social Security taxes per month. Louise contributes $160 each month for her IRA. Her monthly credit payments for VISA and MasterCard are $95 and $90, respectively. Her monthly payment on an automobile loan is $345. What is Louise's debt payments-to-income ratio?
Is Louise living within her means?
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