Calculating Net Worth

What are assets?

• Things that you owe

• Things that you own

• Things that you borrow

• Things that you sell

What are liabilities?

• Things that you owe

• Things that you own

• Things that you borrow

• Things that you sell

Which of the following is the formula to calculate net worth?

• Assets - Liabilities

• Assets + Liabilities

• Assets * Liabilities

• Assets / Liabilities

Tags

CCSS.6.NS.C.5

If your assets are $50,000 and your liabilities are $20,000, what is your net worth?

• $30,000

• $50,000

• $70,000

• $20,000

Tags

CCSS.6.NS.C.5

Which of the following is an example of an asset?

• Mortgage

• Car loan

• Savings account

• Credit card debt

Which of the following is an example of a liability?

• House

• Stocks

• 401(k)

• Student loan

If your assets increase and your liabilities stay the same, what happens to your net worth?

• Increases

• Decreases

• Stays the same

• Cannot be determined

Tags

CCSS.7.NS.A.1B

If your liabilities increase and your assets stay the same, what happens to your net worth?

• Increases

• Decreases

• Stays the same

• Cannot be determined

Tags

CCSS.6.NS.C.5

If your assets and liabilities both increase by the same amount, what happens to your net worth?

• Increases

• Decreases

• Stays the same

• Cannot be determined

Tags

CCSS.7.NS.A.1A

If your assets and liabilities both decrease by the same amount, what happens to your net worth?

• Increases

• Decreases

• Stays the same

• Cannot be determined

Tags

CCSS.7.NS.A.1A