News, Articles & Quizzles

Keep up-to-date with what's going on in our world

Quizzle and Training Calendar

Before checking your answers, did you know that Zeffert is hiring?  We look at 'who' you are and not just 'what' you bring.  If you know of a person with great character that would make a solid Associate, have them check our our job board.


Question One

Penny’s family moved in June 2018. In 2019 it is discovered that their income was under-reported at move-in because Penny has a second job that she forgot to report. They did not qualify for assistance going all the way back to move-in. Penny has since quit her second job and they now qualify. What is the appropriate management decision?

A. Terminate assistance and set up a payment plan to recover past overpayments of subsidy
B. Drop rent to correct level for current income and set up a payment plan to recover past over payment of subsidy
C. Penny must move out
D. Penny must be transferred to a different unit

Answer: B. Drop rent to correct level for current income and set up a payment plan to recover past over payment of subsidy

 

Question Two

Brian moved into a Section 8 unit on 7/16/2019. During the interview process it was determined that his only asset was a checking account with a current balance of $4,567 and a 6 month average balance of $2,109. It was also determined that he received a lump sum payment from Social Security in the amount of $10,130. What is the total cash value of assets for this household at move in?

A. $2,109
B. $12,239
C. $4,567
D. $14,697

Answer: B. $12,239

 

Question Three
A certificate of deposit has a value of $4,992 and a penalty for early withdrawal of $143. It has an interest rate of 1.5%. What is the cash value of the asset?

A. $4,992
B. $4,849
C. $143
D. $0

Answer: B. $4,849

Posted in: Quizzles
Actions: E-mail | Permalink |

Subscribe to
Compliance Quizzles