NAN MCKAY HCV SPECIALIST
CERTIFICATION CALCULATIONS.
EXAM QUESTIONS AND ANSWERS 100%
PASS.
Annual Income Calculation - ANS Income + Asset Income
Adjusted Income - ANS Total Annual Income - Allowances and Expenses Asset Income
Expected Income on 50058
Annual Income Definition - ANS all amounts, monetary or not:
- Which go to or on behalf of the family head or
spouse or to any other family member, or
- That are anticipated to be received from a source
outside the family during the 12 month period
following admission or the annual reexamination
effective date, and
- Which are not specifically excluded in 24 CFR
5.609(c), and
- Also includes amounts derived from assets to which
any family member has access.
2026 STUDY MATERIAL @COPYRIGHT RESERVED 1
,Adoption assistance payments
All sources of income are counted unless specifically
excluded by regulations for head, spouse, and other adults.
For the head of household, spouse, co-head and other adults, all income is counted unless
regulations state to exclude.
Regulations specifically state that only the first $480 of employment income is counted annually
for an adult full-time student (never the head of household, spouse, or co-head).
Regulations also specifically state that no employment income is counted for children under 18
(this does not include the head of household, spouse, or co-head).
PHAs must include all income of every family member, including those who are temporarily
absent.
The treatment of income of family members who are
permanently confined to a hospital or nursing facility
depends on PHA policy.
The PHA administrative plan must cover PHA policy on family absence from a dwelling unit.
Imputed - ANS Something we are acting like it's happening in our calculations but it's not.
Sanctioned - ANS Reduced or terminated benefits.
TTP - ANS Total Tenant Payment
the highest of the
following amounts, rounded to the nearest dollar:
- In non-as-paid states:
2026 STUDY MATERIAL @COPYRIGHT RESERVED 2
, • 30% of family's monthly adjusted income
• 10% of family's monthly income
• PHA's minimum rent ($0 - $50 depending on
PHA policy)
- In as-paid states:
• 30% of family's monthly adjusted income
• 10% of family's monthly income
• PHA's minimum rent ($0 - $50 depending on
PHA policy), or
• Welfare rent
- That part of welfare assistance received from
a public agency, specifically designated by
that agency to meet the family's actual
housing costs.
Earned to Annual Income Calculations - ANS - Multiply hourly wages by the number of hours
worked/year (2080 hours for full-time employment
with a 40-hour work week and no overtime)
- Multiply weekly wages by 52
- Multiply bi-weekly wages by 26
- Multiply semi-monthly wages by 24
- Multiply monthly wages by 12.
Employment Income - ANS Gross income prior to payroll deductions, and includes OT,
commissions, fees, tips, and bonuses.
Cyclical Income - ANS Seasonal workers
Anticipating Income - ANS Use current circumstances to anticipate income. Project
2026 STUDY MATERIAL @COPYRIGHT RESERVED 3
CERTIFICATION CALCULATIONS.
EXAM QUESTIONS AND ANSWERS 100%
PASS.
Annual Income Calculation - ANS Income + Asset Income
Adjusted Income - ANS Total Annual Income - Allowances and Expenses Asset Income
Expected Income on 50058
Annual Income Definition - ANS all amounts, monetary or not:
- Which go to or on behalf of the family head or
spouse or to any other family member, or
- That are anticipated to be received from a source
outside the family during the 12 month period
following admission or the annual reexamination
effective date, and
- Which are not specifically excluded in 24 CFR
5.609(c), and
- Also includes amounts derived from assets to which
any family member has access.
2026 STUDY MATERIAL @COPYRIGHT RESERVED 1
,Adoption assistance payments
All sources of income are counted unless specifically
excluded by regulations for head, spouse, and other adults.
For the head of household, spouse, co-head and other adults, all income is counted unless
regulations state to exclude.
Regulations specifically state that only the first $480 of employment income is counted annually
for an adult full-time student (never the head of household, spouse, or co-head).
Regulations also specifically state that no employment income is counted for children under 18
(this does not include the head of household, spouse, or co-head).
PHAs must include all income of every family member, including those who are temporarily
absent.
The treatment of income of family members who are
permanently confined to a hospital or nursing facility
depends on PHA policy.
The PHA administrative plan must cover PHA policy on family absence from a dwelling unit.
Imputed - ANS Something we are acting like it's happening in our calculations but it's not.
Sanctioned - ANS Reduced or terminated benefits.
TTP - ANS Total Tenant Payment
the highest of the
following amounts, rounded to the nearest dollar:
- In non-as-paid states:
2026 STUDY MATERIAL @COPYRIGHT RESERVED 2
, • 30% of family's monthly adjusted income
• 10% of family's monthly income
• PHA's minimum rent ($0 - $50 depending on
PHA policy)
- In as-paid states:
• 30% of family's monthly adjusted income
• 10% of family's monthly income
• PHA's minimum rent ($0 - $50 depending on
PHA policy), or
• Welfare rent
- That part of welfare assistance received from
a public agency, specifically designated by
that agency to meet the family's actual
housing costs.
Earned to Annual Income Calculations - ANS - Multiply hourly wages by the number of hours
worked/year (2080 hours for full-time employment
with a 40-hour work week and no overtime)
- Multiply weekly wages by 52
- Multiply bi-weekly wages by 26
- Multiply semi-monthly wages by 24
- Multiply monthly wages by 12.
Employment Income - ANS Gross income prior to payroll deductions, and includes OT,
commissions, fees, tips, and bonuses.
Cyclical Income - ANS Seasonal workers
Anticipating Income - ANS Use current circumstances to anticipate income. Project
2026 STUDY MATERIAL @COPYRIGHT RESERVED 3
