Joe earns $39,000 per year. Lauren earns $52,800 per year. Joe and Lauren owe $34,000 on their student loans at an interest rate of 5% with a term of 20 years. They also have a 5-year car loan for $19,850 with an interest rate of 4%. Joe and Lauren have decided to buy a house for $279,000 with a 20% down payment, and they expect to be approved for a 30-year mortgage with an interest rate of 3.75%. Do Joe and Lauren pass the 28% and 36% tests to qualify for a mortgage? Show all of your calculations to justify your answers.