FAA6.N Examples : 22 Expenses/Need Standard (EXNS/EXPC) Examples : P Negative Rent Example
Negative Rent Example
 
The Cleaver's are billed $60 for electricity and $25 for telephone. They receive a check for $80 to use toward their utilities. Apply the $80 to the electricity bill first and then the telephone bill. The Cleaver's have a $5 telephone bill remaining.
 
$60
Electricity bill
-80
Negative rent
-20
Apply this amount to other existing utility expenses. Apply to the telephone bill last.
25
Telephone bill
5
Counted telephone expense. Key on EXNS.
 
 
 
The Nelson's are billed $60 for electricity and $20 for telephone and $5 for water. They receive a check for $100 to use toward their utilities. Apply the $100 to the $60 electricity bill. Apply the remaining $40 to their other utility expenses. Apply the check to the telephone bill last.
 
$100
Negative rent
- 60
Electricity bill
40
Apply this amount to other existing utility expenses
- 5
Water bill
35
Apply this amount to other existing utility expenses
- 20
Telephone bill
15
Considered excess amount as Unearned Income (See Energy Assistance Payments)
 
NOTE There are no expenses keyed on EXNS.