Net Worth Practice

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

• $16,840

• $50,850

• $34,010

• $67,690

Tags

CCSS.7.EE.B.3

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

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

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

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

Which of the following is considered a liability?

• Savings Account
• Mortgage
• Savings bond
• Coin Collection

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

• asset

• liability

• net worth

• pizza

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

• $29,925

Tags

CCSS.7.EE.B.3

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