A man gets a new job, which pays an annual salary of $52,000 (gross income). The man will take home approximately 70% of that amount.

Using this information and the 20/10 rule,

1. The man's total borrowing for the year should not exceed which amount? ($7,280 , $10,400 , or $3,640)

2. The man's monthly credit payments should not exceed which amount? ($728 , $364 , $303)