1. Mundo Ahman is a teacher who is paid on a bimonthly basis at a rate of 3125.00. His paystub indicates that he normally works 38 hours per week. Please calculate his monthly income. Next, please calculate his housing ratio based on the facts below, then calculate his total debt to income ratio.

Proposed PITI is $1,655.40. Current monthly obligations are an auto loan of 295.00, a 401K deduction of 160.00, a student loan of 140.00, an auto loan cosigned for his son for 175.00 and a minimum on his Visa card of 75.00.