Rent Calculation Study
Guide+Questions with 100% Complete
Solutions
When an individual receives Social Security benefits, does annual income include
the amount with or without Medicare premiums? - ANSWER Amount includes
Medicare premiums when computing annual income
If Social Security benefits are reduced to make up for a prior overpayment by
Social Security, what amount is included in annual income? - ANSWER Include
amount provided i.e. reduced amount
If a family receives foster child care payments, is it included in annual income?
- ANSWER No, as long as they are qualified for those payments
When family is sanctioned by the welfare department, what are the two reasons to
include imputed welfare income in annual income? - ANSWER Family commits fraud
Family fails to adhere to economic self sufficiency or work activity program
How do you treat income received from persons outside the household? - ANSWER
Include regular, not sporadic, contributions in annual income
If a person is receiving alimony or child support payments on an irregular bases, what is
included in annual income? - ANSWER PHA may include amounts awarded unless
family certifies that entire amount is not provided and has filed with agency responsible
for enforcing payment
, What expenses may be deducted from income from a business? - ANSWER Straight line
depreciation, interest, and all other operating expenses
What expenses may not be deducted from income from a business? - ANSWER
Business expansion and capital improvements
How is the income the family takes out of the business treated? - ANSWER As income
except for reimbursement of investment
When are lump-sum payments treated as income? - ANSWER Delayed start of
periodic payments except for social security, SSI, and veteran's disability lump sums
When a disabled participant experiences an increase in annual income as a result of
new employment or an increase in earnings, list three events that would qualify for
them for the EID: - ANSWER 1) Employment for family member who is a person w/
disabilities who was unemployed 1 or more years prior to employment
2) Increased earning by family member who is a person with disabilities, whose earnings
increased during participation in economic self-sufficiency or job training program
3) New employment or increased earnings by family member who is a person with
disabilities, who has received TANF benefits or services within the last 6 months
What is the definition for previously unemployed for the EID? - ANSWER A person who
earned not more than would be earned working 10hrs per week, 50 weeks per year at
the established minimum wage
What part of student financial aid is include in annual income? - ANSWER All
financial aid exceeding amounts for tuition and mandatory fees unless student is
over 23 with dependent children and/or living with parents
Guide+Questions with 100% Complete
Solutions
When an individual receives Social Security benefits, does annual income include
the amount with or without Medicare premiums? - ANSWER Amount includes
Medicare premiums when computing annual income
If Social Security benefits are reduced to make up for a prior overpayment by
Social Security, what amount is included in annual income? - ANSWER Include
amount provided i.e. reduced amount
If a family receives foster child care payments, is it included in annual income?
- ANSWER No, as long as they are qualified for those payments
When family is sanctioned by the welfare department, what are the two reasons to
include imputed welfare income in annual income? - ANSWER Family commits fraud
Family fails to adhere to economic self sufficiency or work activity program
How do you treat income received from persons outside the household? - ANSWER
Include regular, not sporadic, contributions in annual income
If a person is receiving alimony or child support payments on an irregular bases, what is
included in annual income? - ANSWER PHA may include amounts awarded unless
family certifies that entire amount is not provided and has filed with agency responsible
for enforcing payment
, What expenses may be deducted from income from a business? - ANSWER Straight line
depreciation, interest, and all other operating expenses
What expenses may not be deducted from income from a business? - ANSWER
Business expansion and capital improvements
How is the income the family takes out of the business treated? - ANSWER As income
except for reimbursement of investment
When are lump-sum payments treated as income? - ANSWER Delayed start of
periodic payments except for social security, SSI, and veteran's disability lump sums
When a disabled participant experiences an increase in annual income as a result of
new employment or an increase in earnings, list three events that would qualify for
them for the EID: - ANSWER 1) Employment for family member who is a person w/
disabilities who was unemployed 1 or more years prior to employment
2) Increased earning by family member who is a person with disabilities, whose earnings
increased during participation in economic self-sufficiency or job training program
3) New employment or increased earnings by family member who is a person with
disabilities, who has received TANF benefits or services within the last 6 months
What is the definition for previously unemployed for the EID? - ANSWER A person who
earned not more than would be earned working 10hrs per week, 50 weeks per year at
the established minimum wage
What part of student financial aid is include in annual income? - ANSWER All
financial aid exceeding amounts for tuition and mandatory fees unless student is
over 23 with dependent children and/or living with parents
