Using Only the TDS Criteria, Which One of the Following

question 49

Multiple Choice

Using only the TDS criteria, which one of the following statements is true?

• A) Joe gets the loan but not Bill.
• B) Bill gets the loan but not Joe.
• C) Both get the loan.
• D) Neither gets the loan. Joe: TDS = ((2700 x 12) + 3000)/100,000 = 35.40%; Bill: GDS = ((1150 x 12) + 1400)/45,000 = 33.78%; Joe is over the maximum of 35%, Bill is under

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