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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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