A) A few years ago, Simon Powell purchased a home for $230,000. Today, the home is worth $410,000. His remaining mortgage balance is $180,000. Assuming that Simon can borrow up to 70 percent of the market value, what is the maximum amount he can currently borrow against his home?

Amount Available for Borrowing:

B) Louise McIntyres monthly gross income is $3,900. Her employer withholds $860 in federal, state, and local income taxes and $410 in Social Security taxes per month. Louise contributes $260 each month for her IRA. Her monthly credit payments for VISA and MasterCard are $145 and $185, respectively. Her monthly payment on an automobile loan is $295.

What is Louise's debt payments-to-income ratio?