Question

Given that your monthly expenses for the house that you want to purchase totals $1,562.30 (this includes the house payment, annual taxes, and the annual cost for home owners insurance) and your gross annual salary is $66,955.71, determine if you qualify for the purchase of the new home. If yes, what percent do you qualify by?
a.
No; 29.2%
c.
No; 30%
b.
Yes: 28%
d.
Yes; 26.4%

Answer 1

B..................................