Rent Calculation Quiz Questions and
Answers
True or False: A family's household composition changes. As a result, the family's voucher changes from
a three-bedroom voucher to a two-bedroom voucher. The family resides in a three-bedroom unit. The
three-bedroom payment standard must be applied at the first annual reexamination - Answer-False
True or False: Earned income in excess of $480 of full time students 18 and older (who are not the head,
spouse, or cohead) is excluded from annual income - Answer-True
True or False: Actual income from assets is to be included when the total cash value of all family assets is
$5,000 - Answer-True
True or False: The income of a temporarily absent spouse must be included in the annual income -
Answer-True
True or false: A PHA may establish a minimum rent of $50 - Answer-True
True or false: In the HCV program, only adult persons with disabilities can qualify for the earned income
disallowance - Answer-True
,True or false: Lump-sum payments are always counted as assets - Answer-False
True or false: Disability assistance expenses may be deducted if they enable a family member to work or
attend school - Answer-False
True or false: Income of a 17-year-old mother who has quit school to work but is still living with her
parents is included in annual income - Answer-False
True or false: The Interest on the savings account of a 7-year-old boy is included in annual income -
Answer-True
True or false: A PHA may deny a family the child care allowance if there is an unemployed adult family
member in the household who may be available to provide the child care - Answer-False
True or false: A family consists of a 61 year old head of household and his 62 year old spouse. Their
annual income is 12 K. They have anticipated verified medical expenses of $1,000. The family's adjusted
annual income is $10,960. - Answer-True
True or false: The PHA must establish a payment standard for each unit size - Answer-True
True or false: A PHA may adopt two or three different payment standards for each bedroom size within
an FMR area - Answer-True
True or false: Jeremy Cook has been receiving $350 per month in TANF. He just enrolled in a qualifying
state training program from which he is now receiving $500 a month. TANF benefits ended. He has no
other income. The PHA must exclude the entire $500 from his annual income. - Answer-False
, True or false: The PHA must exclude all amounts received from a HUD-funded training program -
Answer-True
True or false: If a family has had their welfare reduced for fraud or noncompliance with the welfare
departments economic self-sufficiency program, the PHA must include imputed welfare income in the
family's rent calculation - Answer-True
True or false: A deferred periodic payment from the late start of TANF benefits is treated as an asset and
therefore excluded from the family's annual income - Answer-False
True or false: The average balance for six months is always counted as the cash value of a savings
account - Answer-False
True or False: Only disabled families are eligible for a disability assistance allowance - Answer-False
True or False: Food stamp benefits are included in annual income - Answer-False
True or false: When income from employment is annualized, the gross income is used - Answer-True
True or false: A family can qualify for more than one allowance - Answer-False
When net family assets are greater than $5,000, income from assets is based upon - Answer-The
greater of imputed or actual income from assets
Verifications used for interim and annual recertifications are valid for - Answer-A period determined by
PHA policy
The formula to find the cash value of assets for calculation of rent is - Answer-Market value minus
current loan balance, if any, minus anticipated expenses to sell
Answers
True or False: A family's household composition changes. As a result, the family's voucher changes from
a three-bedroom voucher to a two-bedroom voucher. The family resides in a three-bedroom unit. The
three-bedroom payment standard must be applied at the first annual reexamination - Answer-False
True or False: Earned income in excess of $480 of full time students 18 and older (who are not the head,
spouse, or cohead) is excluded from annual income - Answer-True
True or False: Actual income from assets is to be included when the total cash value of all family assets is
$5,000 - Answer-True
True or False: The income of a temporarily absent spouse must be included in the annual income -
Answer-True
True or false: A PHA may establish a minimum rent of $50 - Answer-True
True or false: In the HCV program, only adult persons with disabilities can qualify for the earned income
disallowance - Answer-True
,True or false: Lump-sum payments are always counted as assets - Answer-False
True or false: Disability assistance expenses may be deducted if they enable a family member to work or
attend school - Answer-False
True or false: Income of a 17-year-old mother who has quit school to work but is still living with her
parents is included in annual income - Answer-False
True or false: The Interest on the savings account of a 7-year-old boy is included in annual income -
Answer-True
True or false: A PHA may deny a family the child care allowance if there is an unemployed adult family
member in the household who may be available to provide the child care - Answer-False
True or false: A family consists of a 61 year old head of household and his 62 year old spouse. Their
annual income is 12 K. They have anticipated verified medical expenses of $1,000. The family's adjusted
annual income is $10,960. - Answer-True
True or false: The PHA must establish a payment standard for each unit size - Answer-True
True or false: A PHA may adopt two or three different payment standards for each bedroom size within
an FMR area - Answer-True
True or false: Jeremy Cook has been receiving $350 per month in TANF. He just enrolled in a qualifying
state training program from which he is now receiving $500 a month. TANF benefits ended. He has no
other income. The PHA must exclude the entire $500 from his annual income. - Answer-False
, True or false: The PHA must exclude all amounts received from a HUD-funded training program -
Answer-True
True or false: If a family has had their welfare reduced for fraud or noncompliance with the welfare
departments economic self-sufficiency program, the PHA must include imputed welfare income in the
family's rent calculation - Answer-True
True or false: A deferred periodic payment from the late start of TANF benefits is treated as an asset and
therefore excluded from the family's annual income - Answer-False
True or false: The average balance for six months is always counted as the cash value of a savings
account - Answer-False
True or False: Only disabled families are eligible for a disability assistance allowance - Answer-False
True or False: Food stamp benefits are included in annual income - Answer-False
True or false: When income from employment is annualized, the gross income is used - Answer-True
True or false: A family can qualify for more than one allowance - Answer-False
When net family assets are greater than $5,000, income from assets is based upon - Answer-The
greater of imputed or actual income from assets
Verifications used for interim and annual recertifications are valid for - Answer-A period determined by
PHA policy
The formula to find the cash value of assets for calculation of rent is - Answer-Market value minus
current loan balance, if any, minus anticipated expenses to sell
