Assets, Liabilities, and Net Worth

Which of the following is considered an asset?

(Assets are what you OWN)

• A Car

• Student Loans

• Rent Payments

Which of the following are considered liabilities?

(Liabilities are what you OWE)

((Check all that apply- there will be more than one answer))

• A House Payment

• Kitchen Dishes

• A Car Payment

How do you find Net Worth?

• Liabilities - Assets

• Assets - Liabilities

• Liabilities + Assets

Tags

CCSS.7.NS.A.1B

Based on the chart above, what is the Net Worth?

1: Find the total for Assets (by adding)

2: Find the total for Liabilities (by adding)

3: Assets Total - Liabilities Total = Net Worth

• $16,840

• $50,850

• $34,010

Tags

CCSS.7.EE.B.3

Susie has assets worth $87,000 and a net worth of $32,000. What is the amount of her liabilities?

(Net Worth- Assets = Liabilities)

• $119,000

• $45,000

• $55,000

Tags

CCSS.6.NS.C.5