Contenthive76

What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? - ANSWER 50% Which is the maximum recommended housing ratio for renting an apartment? - ANSWER 30% Eligibility requirements for down-payment assistance programs include which factors? - ANSWER Income, home-buyer education, purchase price The client is considering an FHA mortgage. What is the upfront mortgage insurance premium (UFMIP) for an FHA mortgage? - ANSWER 1.75% If...

ake has a session with a new client, Ruth, later that day. She has received notice that her apartment complex, which offers her project-based housing assistance, will be sold to a new management company in six months. The new company will renovate the building and will no longer participate in the project-based assistance program. To help Ruth find another affordable rental option, Jake should take all of the following steps, except: A. Provide Ruth with contact information for local housi...

All of the following would help a counselor develop a realistic household budget, except: A. Payment information for a paid-off car B. Amount spent on groceries C. Rent payment information D. Monthly cable bill - ANSWER Answer: A Since the car is paid off, the expense does not need to be included in the new budget. All of the following are reasons why it is important for a client to track income and expenses before finalizing a budget, except: A. It helps show clients that they spend les...

% Impact of Account Payment History on Credit Score - ANSWER 35% portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens % Impact of Amounts Owed on Accounts on Credit Score - ANSWER 30% portion of score based on the ratio of total credit extended to the amount of credit owed % Impact of Length of Credit History on Credit Score - ANSWER 15% portion of score based don the overall length of credit history in the report, a...

what is a servicer? - ANSWER a company that handles all the administrative aspects of a loan from the closing to mortgage payoff, including handling all payments, escrow, and all documentation for records when was the most recent foreclosure crisis? - ANSWER 2007 what caused the most recent foreclosure process? - ANSWER 1. negative amortization 2. aggressive marketing of HELOC loans 3. subprime lending 4. qualifying borrowers based on teaser rates 5. qualifying borrowers based on introdu...

what are the three loan options? - ANSWER 1. conventional mortgage loans 2. subprime mortgage loans 3. government-insured mortgage loans explain a conventional mortgage loan - ANSWER the most common type of mortgage and is backed by private lenders; offers competitive rates and comes in "conforming" mortgage amounts and less common "non-conforming," or jumbo mortgage amounts; 30-year fixed is most common but it can also come in 15-year and 10-year mortgages what is a "conforming" mo...

Deed Restrictions - ANSWER Legally enforceable terms that govern the use of real estate Redlining - ANSWER The practice of refusing to make residential loans or imposing more onerous terms on any loans made because of the predominant race, color, national origin, religion, sex, disability, or familial status of the area's residents. Civil Rights Act of 1968 - ANSWER Following the assassination of Dr. Martin Luther King Jr., Congress passed what monumental piece of legislation, which prohi...

Items to Include for Tracking Income - ANSWER Regular Salary Temporary Jobs Unemployment Compensation Public Assistance *If pay varies, average it over 12 months Items NOT to include for tracking income - ANSWER Pretax Payroll Deductions Credit Score Documents to Use for Budgeting: Income - ANSWER Paychecks/Payslips If self employed, Income/Expenses sheet Additional Income Checks/Cash Government Issued Benefits Letters Items to Include for Tracking Expenses - ANSWER All bills All fix...

1. (TCO A). You are the newly hired chief knowledge officer (CKO) for a mid-sized hospital in a semiurban area of the country. Your first task is to develop the organization's strategic plan that will shape the development of a comprehensive network of services for their community. The organization provides the usual array of inpatient services expected in a moderate-sized community hospital. A local nursing home and retirement community is for sale, and the organization is considering the...

What are performance appraisals most often used for? - ANSWER- making compensation decisions Which of the following is NOT a developmental purpose of performance appraisal? - ANSWER- validating selection procedures Why is performance appraisal important? - ANSWER- because the success of the entire HR program depends on knowing how the performance of employees compares with the goals established for them Which of the following are the two primary purposes of performance appraisals? - ANSW...

The international gas utility company for which you direct HR does not have an organized health and safety program for its workers. What should be your first step? A. Focus on becoming compliant with international, federal, state, and local safety standards. B. Identify the employees who are most at risk and begin safety efforts with them. C. Obtain approval for a company-wide incentive program based on zero accidents or injuries. D. Meet with the workers' compensation brokers to assess...

A tax returner or claim for refund requiring a paid tax return preparer to determine eligibility for EITC, CTC/ODC/ ACTC, AOTC, and the head of household filling status may be subject to a maximum penalty, totaling what amount for failure to meet due diligence requirements if all four are claimed on a single tax return? - CORRECT ANSWER- a, $2,120 the deduction for state and local income taxes is limited to what amount? - CORRECT ANSWER- a. $10,000 ($5,000 if MFS). A married couple who ma...

Which of the following is a requirement for all taxpayers who want to claim the EIC? Live in the U.S. for more than half a year. Have a valid social security number. Have a qualifying child dependent. Have AGI less than $21,430 ($27,380 MFJ). - ANSWER- Have a valid social security number. A combined due diligence penalty of $2,180 would indicate a penalty for which of the following? EIC, CTC/ODC/ACTC, and head of household. EIC, AOTC, and CTC/ODC/ACTC. EIC, AOTC, CTC/ODC/ACTC, and head...

Frank's electric bill has a cycle day of the 3rd and a due date 8 days later with a one day grace period. What happens if Frank pays his electric bill on the 12th of the month? - ANSWER- His payment is received after the due date but he will not be assessed a late fee because of the grace period. On the Budget Challenge Cash Flow Spreadsheet (CFS) (this file is downloadable on the "How to Play" page of the website), what column should interest earned from her checking account be entered...

When asked "How much should I borrow in student loans?" the CFPB (Consumer Financial Protection Bureau) said this. A.) With loan consolidation more affordable than ever, borrow as much as you can get approved for B.) try not to accumulate more total student debt than you expect to earn as a starting annual salary when you leave school C.) borrow as much money for college as you need as long as you are sure about your major and career D.) None of the answers. The CFPB is not involved wi...

List 4 Due Diligence Req's - ANSWER- 1) Complete (forms) 2) Keep 3) Knowledge 4) Document Earned income - ANSWER- Wages, tips, commissions, farming & other business income. $ for services Unearned income - ANSWER- Taxable income including investment money, dividends, rents, royalties, pensions, alimony, unemployment (not performing services) Single filing requirements - ANSWER- < 65 10,350 > 65 11,900 MFJ filing requirements - ANSWER- <65. 20,700 >65. 21,950 (1 spouse) &...

A book ready for inspection by the BFAD anytime during business hours and should be kept for two years: A. Poison book B. Sales Book C. Additional Opium Book D. Prescription Book E. Purchase Book - ANSWER D. Prescription Book A type of drug distribution system where in all drugs are retained in the main pharmacy until receipt of the physician‟s initial order: A. floor stock system B. decentralized unit dose system C. Individual prescription system D. Both A and C - ANSWER C. Indivi...

point fixing and gambling are unsportsmanlike conduct, but they are legal - ANSWER FALSE it is not the athletics trainer's responsibility to keep track of documentation such as release and consent forms and waivers - ANSWER FALSE an athletic philosophy and regulations document can include a code of ethics; regulations about participating in school-sponsored sports, such as a grade requirements and practice rules; and rules about travel or team tryouts - ANSWER TRUE an athletic trainer s...

Amniocentesis taking a fluid sample between the 15th and the 16th week of pregnancy to diagnose congenital anomalies Bicornate uterus a uterus having two horns or horn-shaped branches Neonate newborn baby Dysplasia marked by abnormal adult cells Muscular dystrophy progressive degeneration and weakening of the skeletal muscles Dystrophy condition produced by faulty nutrition Contractures immobility of muscles or a joint caused by shortening or wasting of tissue or muscle fibers El...

Which layer of the eyeball is inflamed in uveitis? - ANSWER vascular tunic A neoplasm of mesenchymal origin - ANSWER sarcoma Presence of microbial toxins in the blood overwhelms the immune system and produces a whole-body inflammatory state. - ANSWER sepsis A host and a microbe exist with no harm to either - ANSWER commensialism What is the end product? pluripotent stem cell > myeloid stem cell > erythroblast > reticulocyte > ??? - ANSWER erythrocyte Oblong lens, irregular sh...