I need to now how to do this, I am struggling and currently failing geometry

The answer is 40%.

Step-by-step explanation:

Jim has an annual salary of $96,000

So, his monthly salary will be = dollars

His monthly expenses include a $2,500 mortgage payment, a $250 lease payment, $500 in minimum credit card payments, and a $425 payment on his speed boat.

Total becomes: dollars

He also receives $1,200 in interest from his savings and other accounts each month.

We will add this to $8000 , totaling to $9200.

Now, Jim's debt amount is $3675 and his income is ≈ 40%.