The CFP Board suggests a maximum housing ratio of 28%. Which of the following statements best describe the following situation? Jack's gross income for the year = $84,000 Monthly mortgage and interest payment = $1,500 Annual premium for homeowner's insurance = $1,800 Annual property tax = $4,600 Jack's housing ratio is below the recommended 28% level Jack's housing ratio is exactly at the 28% benchmark Jack's housing ratio is above the recommended 28% benchmark Not enough information is given What is your friend's emergency fund multiple (ratio) based on the following data: Monthly gross income = $5,4000 Monthly fixed expenses = $2,200 Monthly variable-fixed expenses = $800 Monthly discretionary expenses = $600 Short-term assets = $11,400 Long-term assets = $64,500 Net worth = $51,600 3.2 months 3.8 months 5.2 months 21.5 months You learned that combining ratio and trend analysis offers valuable insight into your financial situation. Which of the following trends would be interpreted as positive improvement? liquidity ratio was 4x last year and 3x this year housing ratio was 35% last year and 35% this year consumer debt ratio was 12% last year and 14% this year savings ratio was 3% last year and 4% this year Projecting the Statement of Income and Expenses for the next year requires adjustments. All but one of the following expenses would need to be increased by the cost of inflation. Which expense would remain the same in that next period? transportation expenses food costs healthcare costs fixed-rate auto loan payments