Net Worth Practice
Quiz
•
Mathematics
•
6th - 7th Grade
•
Practice Problem
•
Medium
+6
Standards-aligned
Brittani Simmons
Used 42+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The part of a net worth statement that shows all debts is:
Bank accounts
Total liabilities
Mortgage
Total assets
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If a business has $10,000 cash on hand, $25,000 in a checking account and land valued at $300,000, on which line of a financial statement should the $335,000 total be entered?
Total assets
Net worth
Mortgage
Total liabilities
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is another word for house payment?
Wages
Net Worth
Mortgage
Book
Tags
TEKS.ELA.5.9D
TEKS.ELA.6.8D
TEKS.ELA.7.8D
TEKS.ELA.8.8D
TEKS.ELA.RI.6C
4.
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.HSA.SSE.A.1
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You can have negative Net Worth.
True
False
Tags
TEKS.MATH.6.2B
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following are considered assets?
1. A Car that is paid off
2. Student Loans
3. Rent Payments
1 only
1 and 2 only
2 and 3 only
1, 2, and 3 only
Tags
TEKS.MATH.7.4D
7.
MULTIPLE CHOICE QUESTION
30 sec • 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
$23,725
$16,200
$39,925
Tags
TEKS.MATH.7.3B
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