Net Worth Review

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

• asset

• liability

• net worth

• pizza

Tags

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

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

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

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

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

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

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

Christen owns her home worth $75,000.  She owes $12,600 on her car worth $24,400.  she owes $8000 on furniture worth $10,000.  Her credit cards' balances total $2,420.  She has $1,800 in her checking account and $4,000 in her savings account.  What is Christen's net worth?

• 115,200
• 23,020
• 92,180
• Not here

Jin'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

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.7.EE.B.3