7.13C Net Worth

What is net worth?

• The things you own that have a positive value.

• The debts you owe.

• The difference between your assets and liabilities.

• The amount of money you earn.

Tags

CCSS.7.NS.A.1B

Monty made a list of his assets and liabilities: Rent; Car, paid for; Money in a checking account; Television, paid for; Sailboat, making payments; Computer, paid for. Which of the following are liabilities?

• Money in a checking account; Rent

• Rent; Sailboat, making payments

• Car, paid for; Computer, paid for

• Sailboat, making payments; Car, paid for

Which of the following is NOT an asset?

• $500 gold watch

• $25,000 owed for a student loan

• $1,200 in a saving account

• $12,500 car

Tags

CCSS.6.NS.C.5

Which of the following would increase a person's net worth?

• Buying a car with borrowed money

• Missing a rent payment

• Taking out a new loan

• Paying off a credit card balance

Tags

CCSS.6.NS.C.7C

Which item listed below is considered an asset?

• Credit card debt

• Checking account balance

• Monthly rent payment

• Unpaid medical bill

Sarah has the following: $2,000 in savings, $500 owed on a credit card, a laptop worth $800, and a car loan of $3,000. What is Sarah's net worth?

• $300

• $-1,500

• $-700

• $2,800

Tags

CCSS.7.NS.A.3

The total assets are ​ (a)   .

The total liabilities are ​ (b)   .

The net worth is ​ (c)   .

• $280,525
• $215,650
• $64,875
• $267,325
• $212,800
• $54,525

Tags

CCSS.7.EE.B.3

Brandon's net worth is $101,800. Based on the information in the table, what is the current value of Brandon's house?

• $98,000

• $84,500

• $112,300

• $73,900

Tags

CCSS.7.EE.B.3