Assets / Liabilities / Net Worth
Authored by Kelly Lyman
Mathematics
7th Grade
CCSS covered
Used 1K+ times
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18 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following are considered assets?
1. A Car
2. Student Loans
3. Rent Payments
1 only
1 and 2 only
2 and 3 only
1, 2, and 3 only
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Pratt own a car worth $14,200 and $2,100 worth of electronics. He still owes $7,300 on his student loans and $8,900 on his car loan. He has $2,315 in his bank account and $5,110 in an investment account. What is Pratt's Net Worth?
$7,525
$13,725
$16,200
$23,725
Tags
CCSS.7.EE.B.3
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following are considered liabilities?
1 - A Mortgage
2 - Kitchen Dishes
3 - A Car Loan
1 only
1 and 2 only
1 and 3 only
1, 2, and 3
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Dani has $1,425 in her bank account and a car worth $3,200. She still owes $1,350 on the car and $825 on her student loans. She has 6 months left on her apartment lease, which charges $140 per month in rent. What is her Net Worth?
$1,610
$3,015
$4,625
$7,640
Tags
CCSS.7.EE.B.3
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
$8,235 owed on a credit card
Asset
Liability
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Estimated home value of $233,00
Asset
Liability
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a liability?
Stock
Credit Card Balance
Car Loan
Mortgage
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