K
C
LO
YC
D
U
LIHTC PRACTICE EXAM
ST
EXAM QUESTIONS AND
CORRECT VERIFIED
ANSWERS 100% GUARANTEED
PASS A+ GRADED
, The head of Household is 65. He receives $650 per month in Social Security benefits. How
much of this is included as annual family income?
$7800
An adult household member of a LIHTC family receives $400/month from management for
cleaning the laundry rooms at the property. Because this is considered as a resident service
stipend by property's owners, none of it is included as income for the family for eligibility
purposes
False
K
The son of the head of household in a LIHTC family is 45 years old. He is a full time student. He
C
earns $750/month from his job. How much of this amount is included as part of annual family
income for eligibility purposes?
$480
LO
The head of household of the family, who is a full time student, earns $600/month from her job.
The owner of the property must count all of this income as part of the family gross annual
income, for eligibility purposes.
YC
True
Mrs. Herrington, the spouse of the head of household applying for a LIHTC unit, has a court
order requiring her ex-husband to pay her $350 per month in child support. Mrs. Herrington has
certified that her ex-husband is only paying $100/month. however because the ex husband lost
D
his job earlier in the year. Mrs. Herrington has not gone back to court to seek injunction requiring
payment of the remaining amount. The owner of the LIHTC property should:
Include $4800 as part of the family income.
U
A disabled family member of a LIHTC applicant family receives $700 per month from a special
ST
needs trust set up for his support. How much of this amount must be included as part of annual
family income for LIHTC eligibility purposes?
$8400
A LIHTC Family receives $300 per month in SSI Disability payments in the name of the family's
10 year old daughter. Because the daughter is under 18 years of age, this unearned income is
not included as part of the annual family income for eligibility purposes
False
C
LO
YC
D
U
LIHTC PRACTICE EXAM
ST
EXAM QUESTIONS AND
CORRECT VERIFIED
ANSWERS 100% GUARANTEED
PASS A+ GRADED
, The head of Household is 65. He receives $650 per month in Social Security benefits. How
much of this is included as annual family income?
$7800
An adult household member of a LIHTC family receives $400/month from management for
cleaning the laundry rooms at the property. Because this is considered as a resident service
stipend by property's owners, none of it is included as income for the family for eligibility
purposes
False
K
The son of the head of household in a LIHTC family is 45 years old. He is a full time student. He
C
earns $750/month from his job. How much of this amount is included as part of annual family
income for eligibility purposes?
$480
LO
The head of household of the family, who is a full time student, earns $600/month from her job.
The owner of the property must count all of this income as part of the family gross annual
income, for eligibility purposes.
YC
True
Mrs. Herrington, the spouse of the head of household applying for a LIHTC unit, has a court
order requiring her ex-husband to pay her $350 per month in child support. Mrs. Herrington has
certified that her ex-husband is only paying $100/month. however because the ex husband lost
D
his job earlier in the year. Mrs. Herrington has not gone back to court to seek injunction requiring
payment of the remaining amount. The owner of the LIHTC property should:
Include $4800 as part of the family income.
U
A disabled family member of a LIHTC applicant family receives $700 per month from a special
ST
needs trust set up for his support. How much of this amount must be included as part of annual
family income for LIHTC eligibility purposes?
$8400
A LIHTC Family receives $300 per month in SSI Disability payments in the name of the family's
10 year old daughter. Because the daughter is under 18 years of age, this unearned income is
not included as part of the annual family income for eligibility purposes
False
