Net Worth

First and Last Name

Class Period
(undefined = 1, undefined = 5)

• 1
• 2
• 3
• 4
• 5

Which of the following best describes a person's net worth?

• A person's debt
• The difference between a person's income and expenses
• The difference between a person's assets and liabilities
• What you owe minus what you own

Cash and things that are owned by the individual or the business for which a net worth statement is prepared are listed as

• Assets
• Debts
• Equity
• Liabilities

The money you owe and items of value that you owe money on are called your

• Assets
• Equity
• Net worth
• Liabilities

What is Maria's net worth?

• $98,014
• $69,815
• $57,421
• $40,593
• -$4798

Put a check next to Maria's assets.

• Townhome
• Mortgage
• Student loan
• Car
• Credit card

What is Armani's net worth?

• $13,549
• $13,363
• $8,657
• $4,500
• -$578

Put a check next to Armani's liabilities.

• College Savings Account
• Checking Account
• Cash
• Personal loan
• Jordan's

What is this couple's net worth?

• $165,585.56
• $161,154.56
• $110,038.89
• $44,546.76
• -$9562.67