Investing Money and Net Worth

Assets are best described as

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

Tags

CCSS.HSF.IF.A.1

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

Which of the following is considered a liability?

• Savings Account
• Mortgage
• Savings bond
• Coin Collection

Tags

CCSS.8.NS.A.1

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

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

• $16,840

• $50,850

• $34,010

• $67,690

Tags

CCSS.6.NS.C.7C

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

Which of the following is an Asset?

• Mortgage

• Car Loan

• House Value

• Income Tax

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

$8,235 owed on a credit card

• Asset

• Liability

Tags

CCSS.6.NS.C.5

Estimated home value of $233,00

• Asset

• Liability

Tags

CCSS.4.NBT.B.5