BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
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Max and Tabatha Klindt have a monthly combined take-home pay of $3, 750. The Klindts recorded the following housing expenses for the month of August:$878.65 for mortgage payment; $52.50 for insurance; $266.67 for real estate taxes; $94.52 for electricity; $45.03 for telephone service; and $42.65 for water. How much are their housing costs over or under the FHA 35% guideline?
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$67.52 over
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$67.52 under
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$2, 369.98 over
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$2, 369.98 under
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Explanation:
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