Answer:
Without loan:
Debt = Credit card debts = 190
Without loan:
Debt = Loan payments+credit card debt =190+290 = 480
Explanation:
Gross Income = $1260
Income after tax = 1260-290 = 970
1st case(without loan)
Debt = Credit card debts = 190
Debt/income = 190/970 =0.1958 = 19.58%
2nd case (with loan)
Debt = Loan payments+credit card debt =190+290 = 480