1. The problem statement, all variables and given/known data Miguel Tijera plans to rent one house and purchase another. He estimates that mortgage interest deductions on his federal income tax will be 25% of his mortgage payments. He wants to spend no more than $800 a month on rent and $2000 a month on rent and mortgage payments combined. This amount does not take into account his income tax savings. What is the maximum monthly amount (rent and mortgage combined) that Miguel would have to pay after subtracting his tax savings? 3. The attempt at a solution = 2000(25%) =1500 that's not one of the options, so I have no idea how to solve this.