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1. Calculate the Gross Debt Service (GDS) and the Total Debt Service (TDS) ratios for the following data. (5 marks) Monthly mortgage payment = $2,725

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1. Calculate the Gross Debt Service (GDS) and the Total Debt Service (TDS) ratios for the following data. (5 marks) Monthly mortgage payment = $2,725 Property taxes = $325 Heating costs $240 Other housing costs = $195 Personal loan payment = $275 Car loan payment = $325 Credit card payment = $275 Gross monthly household income = $14.050

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