LIHTC EXAM 2025/2026 QUESTIONS WITH VERIFIED
ANSWERS ALREADY GRADED A+
The head of Household is age 65. He receives $650 per month is 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,
non of it is included as income for the family for eligibility purposes
False
The son of the head of household in a LIHTC family is 45 years old. He is a full time student. He earns
$750/month from his job. How much of this amount is included as part of annual family income for eligibility
purposes?
$480
The head of household of the family, who is a full time students, 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.
True
, LIHTC EXAM 2025/2026 QUESTIONS WITH VERIFIED
ANSWERS ALREADY GRADED A+
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 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.
A disabled family member of a LIHTC applicant family receives $700 per month from a special 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
The 18 year old head of household in a LIHTC applicant family reports that she earns $900 per month
working at McDonalds. Her spouse, age 17, also works at
the restaurant, and earns $600 per month from his job. The total amount to be included as part of annual
family income from these two jobs is.
$18000
ANSWERS ALREADY GRADED A+
The head of Household is age 65. He receives $650 per month is 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,
non of it is included as income for the family for eligibility purposes
False
The son of the head of household in a LIHTC family is 45 years old. He is a full time student. He earns
$750/month from his job. How much of this amount is included as part of annual family income for eligibility
purposes?
$480
The head of household of the family, who is a full time students, 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.
True
, LIHTC EXAM 2025/2026 QUESTIONS WITH VERIFIED
ANSWERS ALREADY GRADED A+
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 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.
A disabled family member of a LIHTC applicant family receives $700 per month from a special 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
The 18 year old head of household in a LIHTC applicant family reports that she earns $900 per month
working at McDonalds. Her spouse, age 17, also works at
the restaurant, and earns $600 per month from his job. The total amount to be included as part of annual
family income from these two jobs is.
$18000
