Jeffrey Promnitz - Thank you for attending the NCSHA 50th Anniversary Conference
Question One Kristie works as an employee at a ranch for $8.50 an hour. Her employer anticipates that she will work 35 hours a week. They also anticipate giving her a $0.50 raise the 11th week after she will move in. How many weeks will she be at the $8.50 amount?
A. 9 B. 10 C. 11 D. 12
Answer: B. 10
Kristie works as an employee at a ranch for $8.50 an hour. Her employer anticipates that she will work 35 hours a week. They also anticipate giving her a $0.50 raise the 11th week after she will move in.
Question Two Shelly is age 45 and a student. She is receiving Section 8 assistance. Her tuition is $15,000 a year. She has a Pell Grant and other financial assistance totaling $19,000. She lives with her two dependent sons, Kent (age 15) and Josh (age 21). Josh's tuition is $20,000 a year, and his father (who is not living in the household) contributes $24,000 a year to his schooling expenses. What is the amount of student financial assistance that will be counted for Shelly?
A. $0 B. $15,000 C. $19,000 D. $24,000
Answer: A. $0
HUD 4350.3 Page 3-41
Question Three Shawn is in the military and receives a total of $2,200 a month, including an allowance for hazardous duty pay of $200 and a housing allowance of $500. She does not live in a county where the housing allowance is exempt. What is her total annual income from the military?
A. $32,400 B. $28,800 C. $34,800 D. $26,400
Answer: D. $26,400
$2,200 X 12 = $26,400 – The $2,200 is inclusive of the hazardous duty pay and housing allowance (hostile fire is exempt income)
Compliance Quizzle Signup
Question One Wheatley Lofts is a 100% LIHTC building going through an acquisition/rehab. ... Read More
Question one What is the maximum late fee amount you can charge at a HUD property? A. ... Read More
Question One When an asset is in the name of a minor child only, it is not counted as a... Read More
Question One Kyle is unemployed and receiving $362 per week. The verification from the un... Read More
Question One A tenant at Whispering Hollow apartments asks the property manager for permi... Read More
Question One A family who initially qualified is now over the 140% limit as of their May ... Read More