Financial Literacy - Assets and Liabilities

Emily created the net worth statement shown.

Based on the information in the table, what is Emily's net worth?

• $107,550

• $87,025

• $20,525

• $128,075

Tags

CCSS.6.NS.C.5

The table shows Gillian's net worth. Assets are shown as positive numbers, and liabilities are shown as negative numbers.

Gillian's net worth is $90,500. Based on the information in the table, what is the amount of money Gillian owes for student loans?

• $19,950

• $12,250

• $16,100

• $86,650

Tags

CCSS.7.NS.A.1B

Which correctly shows a list of assets and liabilities?

• Assets: mortgage, car loan, credit card debt

  
  

  Liabilities: car value, home value, savings account, retirement savings

• Assets: home value, car value, savings account, retirement savings, credit card debt

  
  

  Liabilities: mortgage, car loan

• Assets: home value, savings account, car value, retirement savings

  
  

  Liabilities: credit card debt, mortgage, car loan

• Assets: savings account, retirement savings, mortgage, car loan

  
  

  Liabilities: home value, car value, credit card debt