Multiple Choice
To qualify for the low-income housing tax credit, the units must meet a use test, which says:
A) units must be occupied by people that the builder/developer deems are low income.
B) units must be occupied only by people who also receive food stamps.
C) certain percentages of the units must be occupied by people who earn less than certain percentages of the median income for the area.
D) certain percentages of the units must be occupied by people who are placed there by the local housing authority.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Start-up costs for a business:<br>A) may be
Q2: Closing costs that may be tax deductible
Q3: Finding legal ways to lower your tax
Q4: Name the four classifications of real estate
Q5: What are the tax consequences of converting
Q7: Business losses can be carried back to
Q8: The federal income tax code is very
Q9: Changes to the federal tax code can
Q10: Name two ways that the federal tax
Q11: It is said that everyone needs to