Net Worth

Assets are best described as

• money or property you own

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

Debts or money you owe (you are responsible for paying back).

• Liabilities

• Assets

• Negative Net Worth

• Property

Tags

CCSS.7.NS.A.1B

Which of the following is an asset?

• mortgage

• school loan

• jewelry

• credit card bill

Tags

CCSS.6.NS.C.5

Bills and Loans are examples of ________?

• Assets

• Liabilities

• Net worth

• Pickles

Tags

CCSS.6.NS.C.7C

The Balance On your Credit Card would be considered a/an

• asset

• liability

Which of the following is considered an asset?

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

Net worth is found by

• subtracting expenses from income
• dividing monetary assets by current liabilities
• subtracting assets and liabilities

• dividing monthly debt by monthly income

Tags

CCSS.7.RP.A.3

Assets-Liabilities=

• assets

• expenses

• net worth

• savings

Tags

CCSS.6.NS.C.5

Jin's total assets are $8,794.  Her liabilities are $6,292.  What is her net worth?

• $6,124
• $15,086
• -$4,328
• $2,502

Tags

CCSS.7.EE.B.3

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

• $16,840

• $50,850

• $34,010

• $67,690

Tags

CCSS.7.NS.A.3