Maureen is a young professor with a gross income of $65,000. She pays $650 per month in rent and $175 per month on an outstanding student loan. She is considering the purchase of a $155,000 home which will have annual property taxes of $2,400 and heating costs of $1,500 per year. What monthly mortgage payment could Maureen afford based on a total debt service ratio of 40% ? $1,017 $1,667 $1,842 $2,167 Petrov is a sole proprietor who sometimes uses his personal vehicle for business purposes. Last year, he drove a total of 23,000kms of which 9,500kms was for business. Petrov incurred the following automobile related expenses: - interest on automobile loan $1,360 - depreciation $2,150 - repairs and maintenance $920 - gasoline $2,750 insurance, - general $2,495 insurance, - business rider $680 What amount can Petrov claim as an eligible business expense? $3,787.83 $3,995.78 $4,276.62 $4,675.78 Which of the following would be a reason for someone to overspend and spend more than what they have? Try to keep up with your friends and neighbours Loss your job Sudden illness All of the above