Basics Beginner:
Programs That Can Help You
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Choose wisely. There is only one correct answer to each question.
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1.
Qualifying for Medicaid is based on a number of criteria, but does not include _______.
Choose wisely. There is only one correct answer.
Your marital status
Where you live
Your income
Where you live. Where you live is not a consideration.
2.
A tax credit made specifically for low-income people who work is the _______.
Choose wisely. There is only one correct answer.
Earned income tax credit
Work opportunity tax credit
Value-added tax credit
Earned income tax credit. This credit is offered by the IRS to low-income people who work.
3.
Rental assistance programs help renters with _______.
Choose wisely. There is only one correct answer.
Paying rent
Paying security deposits
Paying certain other housing-related expenses
All of the above
All of the above. Though you must qualify for them first, these programs can help you with all of these expenses.
4.
You can find pro bono financial services offered through which organization?
Choose wisely. There is only one correct answer.
The Financial Planning Association
The American Bar Association
The IRS
The Financial Planning Association. The FPA offers these services to low-income individuals.
5.
How do the federal government programs that help homeowners facing foreclosure typically work?
Choose wisely. There is only one correct answer.
They pay off the homeowners' mortgages
They modify the mortgage loans
They buy the homes
All of the above
They modify the mortgage loans. These programs modify the loans in various ways in order to reduce homeowners' monthly payments.
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