Net Worth

You have a car that is worth 22,000.

• This is an asset.

• This is a liability.

• This is your net worth.

Tags

CCSS.HSA.SSE.A.1

Your mortgage is $25,000.

• This is a liability.

• This is an asset.

• This is your net worth.

Tags

CCSS.HSA.SSE.A.1

Which is true?

• To find net worth, you add all of your assets, add all of your liabilities, then subtract your assets from your liabilities.

• To find net worth, you add all of your assets, add all of your liabilities, then subtract your liabilities from your assets.

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

A retirement account of $300,000 is

• a liability.

• an asset.

• your net worth.

Tags

CCSS.HSA.SSE.A.1

Your total assets are $200,000.

Your total liabilities are 100,000.

What is your net worth?

• $300,000

• $100,000

• Not here.

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Your total assets: $900,000.

Your total liabilities: $400,000.

What is your net worth?

• $1,300,000

• $400,000

• $500,000

• Not here

Tags

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Your total LIABILITIES: $600,000.

Your total ASSETS: $500,000.

• $100,000

• -$100,000

• $1,100,000

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Your total ASSETS: $300,000.

Your total LIABILITIES: $400,000.

• $100,000

• -$100,000

• $700,000

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

You have land that is worth $200,000.

• This is an asset.

• This is a liability.

• This is your net worth.

Tags

CCSS.HSA.SSE.A.1