WorksheetsCalculating Net Worth
Total questions: 52
Worksheet time: 6hrs 36mins
Which of the following are considered assets?
1. A Car that is paid off
2. Student Loans
3. Rent Payments
1 only
1 and 2 only
2 and 3 only
1, 2, and 3 only
Pratt own a car worth $14,200 and $2,100 worth of electronics. He still owes $7,300 on his student loans and $8,900 on his car loan. He has $2,315 in his bank account and $5,110 in an investment account. What is Pratt's Net Worth?
$7,525
$23,725
$16,200
$39,925
Which of the following are considered liabilities?
1 - A Mortgage
2 - Kitchen Dishes
3 - A Car Loan
1 only
1 and 2 only
1 and 3 only
1, 2, and 3
Dani has $1,425 in her bank account and a car worth $3,200. She still owes $1,350 on the car and $825 on her student loans. She owes her apartment $840 in rent. What is her Net Worth?
$1,610
$3,015
$4,625
$7,640
$8,235 owed on a credit card
Asset
Liability
Estimated home value of $233,00
Asset
Liability
Jane's total assets are $4,794. Her liabilities are $2,670 in credit card debt and $3,622 for a student loan. What is her net worth?
$6,124
$11,085
-$6,292
-$1,498
Assets=$20,000
Liabilities=$50,000
What is the net worth?
$80,000
- $80,000
$30,000
- $30,000
Based on the chart above, what is the Net Worth?
$16,840
$50,850
$34,010
$67,690
Based on the chart above, what was the net worth?
$64,020
$19,750
$83,770
$103,520
Assets - Liabilities = _________
Expenses
Income
Net Worth
Budget
If Liabilities total more than Assets, ....
You listed an item on the wrong side
net worth is negative
you've made a math error
net worth is positive
Given this chart, what is the net worth?
$34,010
$16,840
$50850
$67,690
Which of the following is considered an asset?
Landscaping service
car loan
credit card
furniture
A good way to improve your net worth is to...
Take out a low-interest loan
hire an accountant
pay off your debts
put more money into services than into savings
Assets are best described as ...
things of value that you own
your net worth
a balanced budget
money that is owed
Which items would be listed under liabilities?
child care, gym membership
student loan, credit card balance
cell phone, entertainment
house, car
Net worth is found by....
dividing income by expenses
subtracting expenses from income
subtracting assets from liabilities
subtracting liabilities from assets
What is the error in this net worth statement?
Math error adding assets
Math error adding liabilities
Debit card is listed under assets
A boat is not an asset
Mr. Moneybags has $350,800 in assets. He has a mortgage for $45,200 and a loan on his Lamborghini for $111,500. What is his net worth?
$94,100
$194,100
$417,100
-$45,200
You have a car that is worth 22,000.
This is an asset.
This is a liability.
This is your net worth.
A retirement account of $300,000 is
a liability.
an asset.
your net worth.
Your total assets are $200,000.
Your total liabilities are 100,000.
What is your net worth?
$300,000
$100,000
Not here.
You have land that is worth $200,000.
This is an asset.
This is a liability.
This is your net worth.
Debts or money you owe (you are responsible for paying back).
Liabilities
Assets
Negative Net Worth
Property
Bills and Loans are examples of ________?
Assets
Liabilities
Net worth
Pickles
Which of the following is an asset?
mortgage
school loan
jewelry
credit card bill
Jin's total assets are $8,794. Her liabilities are $6,292. What is her net worth?
Examples of Liabilities include which of the following:
Loans, credit cards, and real property
Loans, mortgage, and credit cards
Loans, Art collection, and savings account
Mortgage, credit card, and real property
Positive Net Worth is defined as:
assets are less that liabilities
liabilities are greater than assets
assets are equal to liabilities
assets are greater than liabilities
Negative Net Worth is defined as:
Assets and liabilities are the same amount
Assets are less that liabilities
Liabilities are less that assets
Assets are greater than liabilities
The table below shows Claude's assets and liabilities. What is the total value of his liabilities?
$24,950
-$24,520
$25,420
$50,370
Abby lives in a home worth $115,000. She has a loan of $98,000 and has a credit card balance of $2,300. She has a car that is worth 5,800. She also has a checking account with a balance of $900 and $300 in gift cards. What is Abby's net worth?
127,200
105,500
232,700
21,700
$115,000
$105,000
$95,000
$85,000
$30,000
$40,000
$95,000
$135,000
$5,000
$38,000
$31,000
$12,000
Dani has $1,425 in her bank account and a car worth $3,200. She still owes $1,350 on the car and $825 on her student loans. She has 6 months left on her apartment lease, which charges $140 per month in rent. What is her Net Worth?
$1,610
$3,015
$4,625
$7,640
$8,235 owed on a credit card
Asset
Liability
Which of the following is not an asset?
Car
House Value
House Mortgage
Jewelry
The table shows Peter's net worth statement. Assets are positive and liabilities are negatives. Peter's net worth is $101,800. Based on the information in the table, what is the current value of Peter's house?
$58,600
$98,000
$78,300
$82,100
Based on the chart above, what was the net worth?
$64,020
$19,750
$83,770
$103,520
What is the equation to find net worth?
Net worth = Total assets
Net Worth = Inflation Rate*purchasing power
Net worth = Total liabilities
Net worth = Total Assets - Total Liabilities
You have $50 in cash, owe your sister $12 and also have a limited edition watch valued at $75. What is the total of the liabilities?
$12
$75
$50
$62
You have $50 in cash, owe your sister $12 and also have a limited edition watch valued at $75. What is the total of the assets?
$12
$75
$125
$62
You have $50 in cash, owe your sister $12 and also have a limited edition watch valued at $75. What is the net worth?
$113
$75
$125
$62
