Rent Calculation Quiz/study guide/exam questions and answers/latest/verified 100%
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Rent Calculation
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Rent Calculation
Rent Calculation Quiz/study guide/exam questions and answers/latest/verified 100%
Rent Calculation Quiz/study guide/exam questions and answers/latest/verified 100%
True or False: A family's household composition changes. As a result, the family's voucher changes from a three-bedroom voucher...
Rent Calculation Quiz/study guide/exam
questions and answers/latest/verified
100%
True or False: A family's household composition changes. As a result, the family's voucher changes from
a three-bedroom voucher to a two-bedroom voucher. The family resides in a three-bedroom unit. The
three-bedroom payment standard must be applied at the first annual reexamination - correct answers-
False
True or False: Earned income in excess of $480 of full time students 18 and older (who are not the head,
spouse, or cohead) is excluded from annual income - correct answers-True
True or False: Actual income from assets is to be included when the total cash value of all family assets is
$5,000 - correct answers-True
True or False: The income of a temporarily absent spouse must be included in the annual income -
correct answers-True
True or false: A PHA may establish a minimum rent of $50 - correct answers-True
True or false: In the HCV program, only adult persons with disabilities can qualify for the earned income
disallowance - correct answers-True
True or false: Lump-sum payments are always counted as assets - correct answers-False
True or false: Disability assistance expenses may be deducted if they enable a family member to work or
attend school - correct answers-False
True or false: Income of a 17-year-old mother who has quit school to work but is still living with her
parents is included in annual income - correct answers-False
True or false: The Interest on the savings account of a 7-year-old boy is included in annual income -
correct answers-True
True or false: A PHA may deny a family the child care allowance if there is an unemployed adult family
member in the household who may be available to provide the child care - correct answers-False
True or false: A family consists of a 61 year old head of household and his 62 year old spouse. Their
annual income is 12 K. They have anticipated verified medical expenses of $1,000. The family's adjusted
annual income is $10,960. - correct answers-True
True or false: The PHA must establish a payment standard for each unit size - correct answers-True
True or false: A PHA may adopt two or three different payment standards for each bedroom size within
an FMR area - correct answers-True
, True or false: Jeremy Cook has been receiving $350 per month in TANF. He just enrolled in a qualifying
state training program from which he is now receiving $500 a month. TANF benefits ended. He has no
other income. The PHA must exclude the entire $500 from his annual income. - correct answers-False
True or false: The PHA must exclude all amounts received from a HUD-funded training program - correct
answers-True
True or false: If a family has had their welfare reduced for fraud or noncompliance with the welfare
departments economic self-sufficiency program, the PHA must include imputed welfare income in the
family's rent calculation - correct answers-True
True or false: A deferred periodic payment from the late start of TANF benefits is treated as an asset and
therefore excluded from the family's annual income - correct answers-False
True or false: The average balance for six months is always counted as the cash value of a savings
account - correct answers-False
True or False: Only disabled families are eligible for a disability assistance allowance - correct answers-
False
True or False: Food stamp benefits are included in annual income - correct answers-False
True or false: When income from employment is annualized, the gross income is used - correct answers-
True
True or false: A family can qualify for more than one allowance - correct answers-False
When net family assets are greater than $5,000, income from assets is based upon - correct answers-The
greater of imputed or actual income from assets
Verifications used for interim and annual recertifications are valid for - correct answers-A period
determined by PHA policy
The formula to find the cash value of assets for calculation of rent is - correct answers-Market value
minus current loan balance, if any, minus anticipated expenses to sell
Assets do not include - correct answers-The family car
Which of the following determines the cash value of a checking account? - correct answers-Average
monthly balance for prior six months
XYZ PHA is conducting an interim reexamination to begin Jason's EID initial period. Jason recently
reported that he obtained a job and will be earning $10 per hour while working 25 hours per week. Prior
to obtaining this job, he was receiving $300 per month in TANF. His TANF benefits ended when he
became employed. How much of Jason's annual earnings will be included? - correct answers-$3,600
Jenna Jones owned a home appraised at $300,000. There was no mortgage balance. Last month, she
sold the house to her son for $1. Her son paid all fees and costs of the sale. The PHA must: - correct
answers-Count $299,999 in the total cash value of her assets for two years from the date she sold the
home
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