Narrative 14-2For problems in this section, use Table 14-1 from your text to find monthly mortgage payments.
 
Refer to Narrative 14-2. Melanie James has made application for a mortgage with a monthly PITI of $424.50. She has other financial obligations of $171 per month. If she earns a gross income of $1,500 per month, what type of mortgage would Melanie qualify for, if any? (Use the ratio guidelines from your text)

What will be an ideal response?


FHA

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Which of the following statements is NOT true regarding the Sixth Amendment right to have the assistance of counsel for criminal proceedings?

a. The accused has the right to use his or her own attorney. b. Once in custody, the accused must be informed of the right to counsel. c. The assistance of counsel must be effective. d. There is no constitutional right to counsel on any appeal of a verdict.

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A personal exemption can be claimed for the person filing a tax return, for a spouse, and for each dependent

Indicate whether the statement is true or false.

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The U.S. Supreme Court:

a. was created by the U.S. Constitution b. hears all appeals made from the federal district courts c. hears all appeals made from the federal appeals courts d. must have nine justices e. all of the other choices are correct

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John, the chief supervisor of a manufacturing company, is conducting an investigation into a series of allegations of theft levelled against Moby, a mechanist. In order to control the situation and conduct a fair enquiry in the matter, John asks Moby not to come to work for a period of three weeks. John also informs Moby that during the span of investigation, the company will not pay Moby. Which of the following disciplinary measures is exemplified in this scenario?

A. Dismissal B. Warning C. Demotion D. Suspension

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