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RENT CALCULATION EXAM EVALUATION QUESTIONS WITH SOLUTIONS 2025 A+

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Disability expenses are allowed if they enable a family member to: - work A Family can claim disability expenses for: - Attendant care and auxiliary apparatus expenses The allowable unreimbursed medical expenses are to the extent the sum exceeds __% of annual income - 3 Medical expenses are deducted for elderly/disabled members of the family only. T/F - F Who is responsible for setting medical reimbursement policies? - The PHA If a family qualifies for medical and disability expenses, the 3% threshold is deducted from the medical expenses and another 3% is deducted from disability expenses. T/F - F the PHA must charge a family no less than a minimum monthly rent. The PHA must establish a minimum rent between _____ - $0-$50

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RENT CALCULATION
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RENT CALCULATION

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Uploaded on
March 3, 2025
Number of pages
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Written in
2024/2025
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RENT CALCULATION EXAM EVALUATION QUESTIONS
WITH SOLUTIONS 2025 A+
✔✔Disability expenses are allowed if they enable a family member to: - ✔✔work

✔✔A Family can claim disability expenses for: - ✔✔Attendant care and auxiliary
apparatus expenses

✔✔The allowable unreimbursed medical expenses are to the extent the sum exceeds
__% of annual income - ✔✔3

✔✔Medical expenses are deducted for elderly/disabled members of the family only. T/F
- ✔✔F

✔✔Who is responsible for setting medical reimbursement policies? - ✔✔The PHA

✔✔If a family qualifies for medical and disability expenses, the 3% threshold is
deducted from the medical expenses and another 3% is deducted from disability
expenses. T/F - ✔✔F

✔✔the PHA must charge a family no less than a minimum monthly rent. The PHA must
establish a minimum rent between _____ - ✔✔$0-$50

✔✔A family may request financial hardship from paying minimum rent. If the hardship is
temporary, the PHA must not impose a minimum rent during a ___ day suspension
period - ✔✔90

✔✔A family may request a minimum rent hardship exemption under what
circumstances? - ✔✔- death in the family
- loss of income
- risk of eviction

✔✔Who determines minimum rent? - ✔✔The PHA

✔✔The flat rent is based on: - ✔✔Market rent charged for comparable unassisted units

✔✔Which of the following statements are NOT true of switching from flat rent to income
based rent because of a hardship?
a. the PHA must adopt written policies for determining when payment of flat rent is a
hardship
b. Financial hardship includes a family decrease in income
c. Financial hardship includes a family increase in expenses
d. A family may switch back to flat rent at any time - ✔✔d

, ✔✔An income based rent is calculated by subtracting what amount from TTP? -
✔✔Utility Allowance (TTP-UA = Tenant Rent)

✔✔The payment standard is the monthly _____________ __________ - ✔✔maximum
subsidy

✔✔Who establishes the payment standards? - ✔✔the PHA

✔✔The payment standard used for the family is always the payment standard for the
voucher size. T or F - ✔✔F

✔✔The PHA must use the utility allowance for the size of the dwelling unit actually
leased by the family, regardless of the voucher size. T or F - ✔✔T

✔✔At the time the PHA approves a tenancy for initial occupancy of a unit and the gross
rent exceeds the payment standard, the family share may not exceed: - ✔✔40% of the
family's adjusted monthly income

✔✔Lump sum payments such as lottery winnings are:
income inclusion / income exclusion / asset - ✔✔income exclusion

✔✔Wages of a 16 year old are:
income inclusion / income exclusion / asset - ✔✔income exclusion

✔✔Interest from a savings account is an:
income inclusion / income exclusion / asset - ✔✔asset

✔✔A certificate of deposit (CD) is an:
income inclusion / income exclusion / asset - ✔✔Asset

✔✔$100 birthday gift:
income inclusion / income exclusion / asset - ✔✔income exclusion

✔✔Life insurance policy cash value:
income inclusion / income exclusion / asset - ✔✔Asset

✔✔Social Security of a 10 year old child:
income inclusion / income exclusion / asset - ✔✔income inclusion

✔✔Annual dividend:
income inclusion / income exclusion / asset - ✔✔income inclusion

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