Net Worth

Net Worth

Assessment

Flashcard

Mathematics

7th Grade

Practice Problem

Hard

CCSS
6.NS.C.5, 6.NS.C.6A, 7.EE.B.3

+3

Standards-aligned

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

Can you have negative Net Worth?

Back

True

Tags

CCSS.6.NS.C.6A

2.

FLASHCARD QUESTION

Front

If Assets = $20,000 and Liabilities = $50,000, what is the net worth?

Back

- $30,000

Tags

CCSS.7.EE.B.3

3.

FLASHCARD QUESTION

Front

What are Assets best described as?

Back

Money or property you own.

4.

FLASHCARD QUESTION

Front

What are Debts or money you owe called?

Back

Liabilities

Tags

CCSS.6.NS.C.5

5.

FLASHCARD QUESTION

Front

Which of the following is considered an asset? Credit card debt, savings, car payoff, student loan?

Back

Savings.

6.

FLASHCARD QUESTION

Front

What is the formula to calculate Net Worth?

Back

Net Worth = Assets - Liabilities.

Tags

CCSS.6.NS.C.5

7.

FLASHCARD QUESTION

Front

If your Assets are $100,000 and Liabilities are $150,000, what is your Net Worth?

Back

- $50,000.

Tags

CCSS.6.NS.C.7C

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