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Worksheets7.13 C Net Worth Assets and Liabilities
Total questions: 15
Worksheet time: 8mins
Which of the following is considered an asset? 2 answers.
A Bank loan
B Mortgage
C Debit card
D Savings bond
Which of the following is considered a liability?
Car payment
G Savings bond
H Coin collection
J Savings account
Maxine has assets worth $77,000 and a net worth of $35,000. What is the amount of her liabilities?
$119,000
$45,000
$42,000
$32,000
Arlie lives in a home worth $135,000. She has a mortgage of $88,000. She owes $4,200 on her car that is worth $11,000. She has a credit card balance of $2,800. She also has a checking account with a balance of $900 and $300 in gift cards. What is Arlie's net worth?
$147,200
$95,000
$222,200
$52,200
Which group contains exactly three liabilities?
A savings account, gift card, bank loan
B checking account, bank loan, car payment
C mortgage, bank loan, car payment
D stocks, retirement fund, car
Which of the following best describes a person's net worth?
F Difference between a person's assets and a person's liabilities
G The value of a person's home
H A person's liability
J Difference between a person's income and a person's expenses
Veronica owns stocks worth $11,200. She owes $4,500 on her student loans and $800 on her credit cards. She owes $6,000 on her car that is worth $10,000. She has $400 in her checking account. What is her net worth?
$21,600
$5,600
$11,300
$10,300
Monica owns her home worth $175,000. She owes $6,600 on her car worth $23,000. She owns $4,000 in computers and tablets. Her credit cards' balances total $720. She has $600 in her checking account and $5,000 in her savings account. What is Monica's total liabilities?
(a)
Jennifer owns her home worth $85,000. She owes $6,600 on her car worth $24,400. She owes $8,000 on furniture worth $10,000. Her credit cards' balances total $2,875. She has $1,800 in her checking account and $4,000 in her savings account. What is Jennifer's total assets?
$107,725
$23,020
$17,475
$125,200
Which group contains exactly 2 liabilities and 1 asset?
F savings account, gift card, art work
G checking account, car, mortgage
H mortgage, bank loan, car
J stocks, retirement fund, coin collection
