Net Worth

Assets-Liabilities=

• assets

• expenses

• net worth

• savings

Tags

CCSS.6.NS.C.5

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

• $16,840

• $50,850

• $34,010

• $67,690

Tags

CCSS.7.EE.B.3

Which of the following is considered an asset?

• credit card debt
• savings
• car payoff
• student loan

Assets are best described as

• monetary assets you own
• financial debts and obligations for which you owe
• your net worth
• adjusted gross income

Net worth is found by

• subtracting expenses from income
• dividing monetary assets by current liabilities
• subtracting liabilities from assets
• dividing monthly debt by monthly income

Tags

CCSS.7.RP.A.3

Which of the following is considered an asset?

• Bank Loan
• Mortgage
• Debit Card
• Savings account

Which of the following is considered a liability?

• Savings Account
• Mortgage
• Savings bond
• Coin Collection

Which of the following best describes a person's net worth?

• a person's liability
• difference between a person's income and a person's expenses
• difference between a person's assets and a person's liabilities
• The value of a person's home

Tags

CCSS.7.EE.B.3

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

The table below shows Claude's assets and liabilities. What is his net worth?

• $24,950

• $-25,420

• -$24,950

• $25,420

Tags

CCSS.6.NS.C.7C