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Home » Topics » Assisted Housing Management Insider » Income Calculations

Income Calculations
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Dos & Don'ts for Handling Resident's Child-Care Expenses in Special Circumstances

Jul 1, 2011

Most managers find it easy to calculate the allowance for child-care expenses when the care allows the only adult member of the household to work. The child-care expenses are simply deducted from household income up to the amount of the member's earned income. But calculating the allowance isn't always so straightforward. For example, child care may allow the household member to go to school as well.

To help you in this and other special circumstances, her...

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Four Tips for Estimating Freelance Income Correctly

Jan 25, 2011

When you are calculating household income, a “freelancer” presents special challenges. Freelancers are self-employed, and their income often can be sporadic. Paragraph 5-5 of the HUD Occupancy Handbook 4350.3 considers such income to be “irregular” and provides some examples, such as a roofer who works seasonally and a typist who gets jobs through a temp agency.

The Handbook doesn't state specifically how to estimate a freelancer's ...

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