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Answer :
Final answer:
Zeke needs his total income and total debt payments to calculate his debt service to income ratio, which is found by dividing monthly debt payments by gross monthly income.
Explanation:
To calculate his debt service to income ratio, Zeke needs the following information: B) His total income and total debt payments. This ratio is calculated by dividing your total monthly debt payments by your gross monthly income. For instance, if Zeke has monthly debt payments that sum up to $2,000 and his gross monthly income is $6,000, then his debt-to-income ratio would be approximately 33 percent, as $2,000 is 33% of $6,000. It is important to note that all debt payments, including student loans, should be included in this calculation since they affect one's financial leverage and capacity to take on more debt, such as when attempting to buy a first home.
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