Barb and Bob Want to Purchase a New Home but Don't

Multiple Choice

Barb and Bob want to purchase a new home but don't know how much mortgage they can qualify for.The lender requires total installment loan payments not exceed 35% of gross monthly income.Based on Barb and Bob's financial data below,what is the maximum monthly mortgage payment for which they can qualify?

A) $1,400
B) $1,208
C) $1,050
D) $ 850
E) $ 500