Finding New Worth

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

• $16,840

• $50,850

• $34,010

• $67,690

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

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

• $24,950

• $-25,420

• -$24,950

• $25,420

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

Can a Net Worth be negative?

• Yes - as long as the assets are greater than liabilities

• Yes - as long as the liabilities are greater than assets

• No - assets cant be greater than liabilities

• No - liabilities cant be greater than assets

How do you find Net Worth?

• Liabilities - Assets

• Assets - Liabilities

• Liabilities + Assets

• Assets + Liabilities

The table shows Peter's net worth statement. Assets are positive and liabilities are negatives. Peter's net worth is $101,800. Based on the information in the table, what is the current value of Peter's house?

• $58,600

• $98,000

• $78,300

• $82,100

Zero net worth is defined as:

• Assets are greater than liabilities

• Assets are less than liabilities

• Assets are equal to liabilities

• None of the above

Susie has assets worth $87,000 and a net worth of $32,000.  What is the amount of her liabilities? 

• $119,000
• $45,000
• $55,000
• $32,000

The table below shows Claude's assets and liabilities.  What is the total value of his assets?

• $24,950
• $25,420
• -$24,950
• $50,370