Quiz | Applicable Fraction v. Minimum Set Aside
Feb 23, 2022
Match the letters to the numbers that apply (more than one letter may apply).
1. Applicable Fraction
2. Minimum set-aside
a) is calculated for a building
b) involves unit size
c) is calculated for a project
d) does not involve unit size
e) is an irrevocable election
3. True or False
The Average Income Test minimum set-aside allows for a New York City 25-60 option
4. True or False
The applicable fraction for a building can be found on IRS form 8609.
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