A
VI
TU
IS
M
O
Rent Calculation Test
A
N
1: 100% Correct
JP
Solution Answers 2025
Version
, When the total cash value of assets are $5,000 or less, use the actual income derived
from the asset. T/F - ANSWER T
Cash Value of Assets - ANSWER Market Value of Asset - Expenses to convert to
cash
A
Anticipated Income from assets - ANSWER Interest and Dividends from an asset
VI
Assets of a 15 year old minor are: Included or Excluded? - ANSWER Included
Assets that are part of an active business or farming operation are: Included or
TU
Excluded? - ANSWER Excluded
When an asset has been disposed of for less than fair market value, you must include
the asset for: - ANSWER 2 years from the date the asset was disposed of
IS
The amount included in annual income of a FTS who is working is: - ANSWER The
first $480
M
A resident service stipend is a modest amount not to exceed - ANSWER $200
O
A resident service stipend may include: - ANSWER hall watch, lawn care, fire patrol
A
Imputed Welfare benefits are included in annual income for two reasons only: -
ANSWER Welfare Fraud and non compliance with a welfare self sufficiency program
N
PHAs must count the child support/alimony granted to an individual by the court unless
the individual can prove that payments are not being received. T/F - ANSWER T
JP
The amount of Social Security included in annual income is the net amount after
Medicare has been deducted. T/F - ANSWER F
What are the requirements for EID? - ANSWER - Gained employment after being
unemployed for a year+
- Increased earnings during a job training program or economic self-sufficiency program
- Receiving TANF payments or received in the last 6 months
VI
TU
IS
M
O
Rent Calculation Test
A
N
1: 100% Correct
JP
Solution Answers 2025
Version
, When the total cash value of assets are $5,000 or less, use the actual income derived
from the asset. T/F - ANSWER T
Cash Value of Assets - ANSWER Market Value of Asset - Expenses to convert to
cash
A
Anticipated Income from assets - ANSWER Interest and Dividends from an asset
VI
Assets of a 15 year old minor are: Included or Excluded? - ANSWER Included
Assets that are part of an active business or farming operation are: Included or
TU
Excluded? - ANSWER Excluded
When an asset has been disposed of for less than fair market value, you must include
the asset for: - ANSWER 2 years from the date the asset was disposed of
IS
The amount included in annual income of a FTS who is working is: - ANSWER The
first $480
M
A resident service stipend is a modest amount not to exceed - ANSWER $200
O
A resident service stipend may include: - ANSWER hall watch, lawn care, fire patrol
A
Imputed Welfare benefits are included in annual income for two reasons only: -
ANSWER Welfare Fraud and non compliance with a welfare self sufficiency program
N
PHAs must count the child support/alimony granted to an individual by the court unless
the individual can prove that payments are not being received. T/F - ANSWER T
JP
The amount of Social Security included in annual income is the net amount after
Medicare has been deducted. T/F - ANSWER F
What are the requirements for EID? - ANSWER - Gained employment after being
unemployed for a year+
- Increased earnings during a job training program or economic self-sufficiency program
- Receiving TANF payments or received in the last 6 months
