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 O Not enough information is given