Determining Rents
Review the following to see how rent amounts are determined.
Incomes
For example, if your income is:
- Social Securtiy - $7,200
- Pension Income - $1,200
- Interest Income - $1,200
Your total annual income would be $9,600.
Deductions
If you also have the following deductions:
- Elderly Allowance - $400
- Medicare/Supplemental Insurance Premiums - $900
- Extraordinary Medical Expense - $576
Your total annual deduction would be $1,876.
Total Rent Amount
Your monthly rent with utilities would be $200.