d are applying for a $600,000 mortgage to purchase a new house. Th for this proposed mortgage is $2.839.48. They have told you that they also have a car pa per month, annual car insurance of $1,850, an RRSP contribution of $150 per month by weekly loan payment of $75 and total monthly credit card payments of $320. Their p $5,884 per year. Their combined income is $155.394 per year and heat on this house What is their TDS?
d are applying for a $600,000 mortgage to purchase a new house. Th for this proposed mortgage is $2.839.48. They have told you that they also have a car pa per month, annual car insurance of $1,850, an RRSP contribution of $150 per month by weekly loan payment of $75 and total monthly credit card payments of $320. Their p $5,884 per year. Their combined income is $155.394 per year and heat on this house What is their TDS?
Chapter9: Acquisitions Of Property
Section: Chapter Questions
Problem 34P
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Question
Transcribed Image Text:Jackson and Svetlana are applying for a $600,000 mortgage to purchase a new house. The monthly payment
for this proposed mortgage is $2.839.48. They have told you that they also have a car payment of $1.305
per month, annual car insurance of $1,850, an RRSP contribution of $150 per month by papall deduction a
weekly loan payment of $75 and total monthly credit card payments of $320. Their property taxes are
$5,884 per year. Their combined income is $155.394 per year and heat on this house is $100 per month
What is their TDS?
Select one:
a.40.00%
b. 38.07%
c.41.19%
d.42.35%
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