Which deduction related to HUD is applicable per dependent child?

Prepare for the Cornell Work Incentives Certification (WIP-C™) Program Exam with our study materials. Access flashcards and multiple-choice questions with hints and explanations. Excel in your exam preparation!

The correct deduction related to Housing and Urban Development (HUD) that is applicable per dependent child is $480. This amount is specifically established within HUD guidelines to help alleviate housing costs for families with dependent children. This deduction recognizes the added financial burden that comes with raising children and aids in determining a household's adjusted income for rental assistance purposes.

Understanding this deduction is crucial as it significantly affects the calculation of a family’s overall eligibility for various HUD programs. Each dependent child can contribute to reducing the family's income that is assessed against the program's eligibility criteria, ultimately facilitating access to affordable housing resources. Recognizing this will help individuals navigate HUD-related benefits effectively and advocate for the appropriate support based on their family structure.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy