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HCV TRAINING: RENT CALCULATIONS QUESTIONS WITH COMPLETE SOLUTIONS
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HCV TRAINING: RENT CALCULATIONS QUESTIONS WITH COMPLETE SOLUTIONS
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HCV TRAINING: RENT CALCULATIONS QUESTIONSWITH COMPLETE SOLUTIONS
$400 per family where the head, spouse, or cohead is Correct
Answer a person who is at least 62 years of age or a person with
disabilities.
$480 for each family member who is: Correct Answer • Under
18 years of age, or
• Over 18 and:
○ A full-time student, or
○ A person with a disability
A "Specified Welfare Benefit Reduction" is a reduction in
welfare benefits due to: Correct Answer • Fraud in connection
with the welfare program
• Sanction for noncompliance with welfare agency requirement
to participate in an economic self-sufficiency program.
A live-in aide is Correct Answer never a dependent.
A payment standard is used to Correct Answer calculate the
monthly housing assistance payment for the family.
Adjusted Income is annual income after making allowable
deductions for: Correct Answer • Dependents
• Elderly or disabled Family status
• Child care
• Medical Expenses
• Disability Expenses
, Amounts anticipated to be paid by the family during the period
for which annual income is computed: Correct Answer • For
children under 13 years of age.
• Including Foster children
• NO TEENAGERS
Amounts in savings and checking accounts Correct Answer
PHAs must establish a policy on how to determine the value of
savings and checking accounts.
ANNUALIZING SS USING EIV: PHAs are required to use
Correct Answer the EIV-reported SS and SSI benefit amount
unless the participant disputes the EIV-reported amount.
ANTICIPATED INCOME (FORMULA) Correct Answer
Market Value X Interest Rate =
Any new admission or any family who moves may not pay more
than ____ percent of adjusted monthly income toward the family
share if the gross rent for the unit is greater than the applicable
payment standard for the family. Correct Answer 40
ASSETS INCLUDE: Correct Answer - Amounts in savings
and checking accounts
- The cash value of trusts that are available to a family
Convert earned income to annual income as follows: Correct
Answer • Multiply hourly wages by the number of hours
work/year (2080 hours for full-time employment with a 40 hour
work week and no overtime.
• Multiply weekly wages by 52
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