Net Worth

Assets - Liabilities = _________

• Expenses

• Income

• Net Worth

• Budget

Tags

CCSS.7.RP.A.2D

If Liabilities total more than Assets, ....

• You listed an item on the wrong side

• net worth is negative

• you've made a math error

• net worth is positive

Tags

CCSS.6.NS.C.7C

Given this chart, what is the net worth?

• $34,010

• $16,840

• $50850

• $67,690

Tags

CCSS.7.EE.B.3

Which of the following is considered an asset?

• Landscaping service

• car loan

• credit card

• furniture

A good way to improve your net worth is to...

• Take out a low-interest loan

• hire an accountant

• pay off your debts

• put more money into services than into savings

Assets are best described as ...

• things of value that you own

• your net worth

• a balanced budget

• money that is owed

Which items would be listed under liabilities?

• child care, gym membership

• student loan, credit card balance

• cell phone, entertainment

• house, car

Tags

CCSS.6.NS.C.6A

Net worth is found by....

• dividing income by expenses

• subtracting expenses from income

• subtracting assets from liabilities

• subtracting liabilities from assets

Tags

CCSS.7.NS.A.1B

What is the error in this net worth statement?

• Math error adding assets

• Math error adding liabilities

• Debit card is listed under assets

• A boat is not an asset

Tags

CCSS.7.NS.A.3

Mr. Moneybags has $350,800 in assets. He has a mortgage for $45,200 and a loan on his Lamborghini for $111,500. What is his net worth?

• $94,100

• $194,100

• $417,100

• -$45,200

Tags

CCSS.7.EE.B.3