QUESTION 4 Use the following advice Irom most financial advisors to solve the problem. Spend no more than 28% of your gross monthly income for your mortgage payment. Spend no more than 36% of your gross monthly income for your total monthly debt. Round all calculations to the nearest dollar, if necessary Suppose that your gross annual income is $36,000. (a) What is the maximum amount you should spend each month on a mortgage payment? (b) What is the maximum amount you should spend each month for total credit obligations? () If your monthly mortgage payment is 65% of the maximum amount you can afford, what is the maximum amount you should spend each month for all other debt? (a) $840; (b) $1080; (c) $546 (a) $840; (b) $1080; (C) $138 (a) 5840; (b) $1080; (C) $534 (a) $10,080; (b) $12,960; (C) $6408