Net Worth Calculation

Net Worth Calculation

8th Grade

10 Qs

quiz-placeholder

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Net Worth Calculation

Net Worth Calculation

Assessment

Quiz

Other

8th Grade

Practice Problem

Hard

Created by

Floyd Moss

Used 2+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the formula to calculate net worth?

Assets / Liabilities

Assets x Liabilities

Assets - Liabilities

Assets + Liabilities

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a person has $50,000 in assets and $30,000 in liabilities, what is their net worth?

$20,000

$5,000

$40,000

$10,000

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: Net worth represents the total value of a person's assets minus their liabilities.

Net worth represents the total value of a person's liabilities minus their assets.

Net worth represents the total value of a person's income minus their expenses.

Net worth represents the total value of a person's assets minus their liabilities.

Net worth represents the total value of a person's debts plus their assets.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a person's assets are $100,000 and their liabilities are $80,000, what is their net worth?

$20,000

$100,000

$50,000

$10,000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a positive net worth indicate?

Net worth is equal to zero.

There is no net worth.

Assets exceed liabilities

Liabilities exceed assets.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a negative net worth indicate?

A negative net worth indicates a high income and low expenses.

A negative net worth indicates a lack of financial planning.

A negative net worth indicates debt or financial liabilities exceeding assets.

A negative net worth indicates a successful investment strategy.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a person's assets are $200,000 and their liabilities are $250,000, what is their net worth?

$50,000

$150,000

$0

-$50,000

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