[tex]\frac{28}{36}[/tex] 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
[tex]=\frac{28}{100} \times 60750=\frac{1701,00}{100}\\\\ =1701[/tex]
Maximum ,mortgage payment allowed for someone with an annual salary of $60,750= $ 1,701.00→→→Option (C)
