Sue Smith owns a 300 unit tax credit property. She received a total credit allocation covering 200 of her units and committed to the 20% @ 50% minimum set aside. To earn the maximum possible tax credit, how many units should Sue rent to residents with income no greater than 50% of the area median? OA. 60 units OB. 100 units c. 200 units OD. 300 units

Sue Smith owns a 300 unit tax credit property. She received a total credit allocation covering 200 of her units and committed to the 20% @ 50% minimum set aside. To earn the maximum possible tax credit, how many units should Sue rent to residents with income no greater than 50% of the area median? OA. 60 units OB. 100 units c. 200 units OD. 300 units

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter4: Income Exclusions

Section: Chapter Questions

Problem 72IIP

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