Using the standard 28/36 guidelines, what is the maximum mortgage payment allowed for someone with an annual salary of $60,750? a. $1,215.00 b. $1,417.50 c. $1,701.00 d. $1,822.50

rule says that 28 % of your total income should be spent on Housing finances and 36 % of your gross total income should be spend for Debts.

Annual Salary = $ 60,750

Maximum mortgage payment=28% of $ 60,750

Maximum ,mortgage payment allowed for someone with an annual salary of $60,750= $ 1,701.00→→→Option (C)

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