Decide whether the following statement makes sense (or is clearly true) or does not make sense (or is clearly false). Pick the correct explanation.(3pt) I had a choice between a fixed rate mortgage and an adjustable rate mortgage. The fixed rate was 6%. The adjustable rate started at 3% for the first year, with a maximum increase of 1.5 percentage points a year. I took the adjustable rate, because I'm planning to move within three years. A. The statement does not make sense. Adjustable rate mortgages usually have higher monthly payments at the beginning of the term than at the end of the term. B. The statement makes sense. The monthly payment for the adjustable rate mortgage is guaranteed to be lower for the first three years of the loan term. C. The statement does not make sense. The average monthly payment for the adjustable rate mortgage will be higher over the first three years than the fixed rate mortgage D. The statement makes sense. For adjustable rate mortgages, the first three years' worth of payments go almost entirely toward interest Answer_ 11. Bruce earned wages of $ 75,687, received $ 2731 in interest from a savings account, and contributed $ 2999 to a tax deferred retirement plan. According to his filing status, he was entitled to a personal exemption of $3900 and had deductions totaling $ 8180 a) Find his gross income.(2pt) b) Find his adjusted gross income.(3pt) c) Find his taxable income.(2pt)