REAL EXAM QUESTIONS AND CORRECT ANSWERS
|COMPLETE VERFIED SOLUTIONS |A+ GRADED
|100% CORRECT!!
Who do we count in the house hold? - ANSWER-Children who
are Temporarily absent and placed in foster home
In joint custody who are present 50% of time
Away at school who live with family during school breaks
Being adopted
Unborn
Members temporarily away
Members in rehab
Future spouse or roommate
Foster children and adults
Who do we NOT include - ANSWER-Live in attendants
Define a live in attendant - ANSWER-A person who resides
with one or more elderly persons or persons with disabilities
Is determined to be essential to care of the persons
Not obligated for the support of the persons and will NOT
contribute materially to the household
, Would not be living in the unit except to probed necessary
supportive services
When this document is changed by HUD. The tax credit income
and asset rules
change with it - ANSWER-HUD
handbook 4350.3
A tenant income certification and supporting documentation
are not sufficient
unless, at minimum the following documents are included
- ANSWER-1.
Household application/income and asset
questionnaire
2. Verification of income and
assets
3. Student
status
4. Tenant income
certification (TIC)
Student status exemptions - ANSWER-1. All adult household
members are married and entitled to file a joint tax return
2. All adult household members are single parents with minor
children