Question: are there any errors in this question? isnt the consumer debt suppose to be the same for both? BEFORE-TDS Calculation Calculating TDS Ratio Monthly Housing

are there any errors in this question? isnt the consumer debt suppose to be the same for both?
are there any errors in this question? isnt the consumer debt suppose

BEFORE-TDS Calculation Calculating TDS Ratio Monthly Housing Costs (including taxes & heating) 2457.90 2057.90+250+150 ALL Other Applicable Consumer Debt 4199.62 |(744.254717.12+475-400+775+450+638.25) Anticipated New Loan Payment (omit for the BEFORE) DIVIDED BY Gross Monthly Income[120,000/12)+ 85000/12) 17083.33 TDS RATIO 38.97% TDS-AFTER - Calculation Calcutting TDS Ratio Monthly Housing Costs (including taxes & heating) 2457.90 ALL Other Applicable Consumer Debt 1461.37 (744.25+717.12) Anticipated New Loan Payment 1368.48 DIVIDED BY Gross Monthly Income 17083.33 TDS RATIO 30.95% BEFORE-TDS Calculation Calculating TDS Ratio Monthly Housing Costs (including taxes & heating) 2457.90 2057.90+250+150 ALL Other Applicable Consumer Debt 4199.62 |(744.254717.12+475-400+775+450+638.25) Anticipated New Loan Payment (omit for the BEFORE) DIVIDED BY Gross Monthly Income[120,000/12)+ 85000/12) 17083.33 TDS RATIO 38.97% TDS-AFTER - Calculation Calcutting TDS Ratio Monthly Housing Costs (including taxes & heating) 2457.90 ALL Other Applicable Consumer Debt 1461.37 (744.25+717.12) Anticipated New Loan Payment 1368.48 DIVIDED BY Gross Monthly Income 17083.33 TDS RATIO 30.95%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!