In putting together a repayment plan under Chapter 13, a debtor must apply the means test to identify the amount of disposable income that will be available to repay creditors

In the current year, a taxpayer reports the following items: Salary-$50,000 Income from partnership A, in which the taxpayer materially participates-20,000 Passive activity loss from partnership B-(40,000) During the year, the taxpayer disposed of the interest in partnership B, which had a suspended loss carryover of $10,000 from prior years. What is the taxpayer's adjusted gross income for the current year?

a) $30,000 b) $70,000 c) $20,000 d) $60,000

Transfer of ownership to real property via the California Veterans Farm and Home Purchase (Cal Vet) Program is accomplished by means of which of the following documents?

a. Grant deed b. Reconveyance deed c. Real property sales contract d. Warranty deed