To qualify for a loan of $45,000, an applicant must have a gross income of $30,000 if single, $50,000 if combined income if married, and assets of at least $10,000.
Mr. Argento, married with two children, earns $37,000.
Mrs. Argento earns $15,000 at a part-time job. The Argento’s have assets of $25,000
Ms. McVery, single, has assets of $19,000. She works in a store and earns $25,000
Mr. Siewert earns $24,000 and Ms. Fox, his wife, earns $28,000. Their assets total $8000.
a) Identify which of the applicants would qualify for the loan.

Question

To qualify for a loan of $45,000, an applicant must have a gross income of $30,000 if single, $50,000 if combined income if married, and assets of at least $10,000.
         Mr. Argento, married with two children, earns $37,000.
         Mrs. Argento earns $15,000 at a part-time job.  The Argento’s have assets of $25,000
         Ms. McVery, single, has assets of $19,000. She works in a store and earns $25,000
         Mr. Siewert earns $24,000 and Ms. Fox, his wife, earns $28,000.  Their assets total $8000.
 a)  	Identify which of the applicants would qualify for the loan.

juana02 · Answer

b.For the applicants who do not qualify for the loan, explain why.

triciaal · Answer

@Directrix

triciaal · Answer

married  qualifies 
single not enough income 
domestic partner not enough assets