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Net Worth Review

Authored by Stephanie Munson

Mathematics

7th Grade

CCSS covered

Used 16+ times

Net Worth Review
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Property owned by a person or company, regarded as having value is an __________

asset

liability

net worth

pizza

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The difference of what you own and what you owe (the difference between assets and liabilities)

asset

liability

net worth

coconut

Tags

CCSS.6.NS.C.5

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Assets=$20,000

Liabilities=$50,000

What is the net worth?

$80,000

- $80,000

$30,000

- $30,000

Tags

CCSS.6.NS.C.7C

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A thing for which someone is responsible, especially a debt or financial obligation is a _____.

asset

liability

net worth

bacon

Tags

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Isadora rents an apartment for $1,000 a month and has a year's lease.  She owns a car that is worth $14,700.  She has a savings account of $4,750 and a credit card balance of $825.  What is her net worth?

$19,450
-$16,320
$17,625
$1,825

Tags

CCSS.7.EE.B.3

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Jane's total assets are $8,794. Her liabilities are $2,670 in credit card debt and $3,622 for a student loan. What is her net worth?

$6,124

$15,086

-$4,328

$2,502

Tags

CCSS.7.NS.A.3

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Abby lives in a home worth $115,000.  She has a mortgage of $98,000.  she owes $5,200 on her car that is worth $11,000.  she has a credit card balance of $2,300.  she also has a checking account with a balance of $900 and $300 in gift cards.  What is Abby's net worth?

127,200
105,500
232,700
21,700

Tags

CCSS.7.EE.B.3

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