Net Worth

Net Worth

7th Grade

18 Qs

quiz-placeholder

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Assessment

Quiz

Mathematics

7th Grade

Easy

CCSS
7.NS.A.3, 7.EE.B.3, 7.NS.A.1B

+3

Standards-aligned

Created by

Karen Jurotich

Used 18+ times

FREE Resource

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Which of the following is considered an asset?
credit card debt
savings
car payoff
student loan

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Assets are best described as
monetary assets you own
financial debts and obligations for which you owe
your net worth
adjusted gross income

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Net worth is found by
subtracting expenses from income
dividing monetary assets by current liabilities
subtracting liabilities from assets
dividing monthly debt by monthly income

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Which of the following is considered an asset?
Bank Loan
Mortgage
Debit Card
Savings account

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Which of the following is considered a liability?
Savings Account
Mortgage
Savings bond
Coin Collection

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Which of the following best describes a person's net worth?
a person's liability
difference between a person's income and a person's expenses
difference between a person's assets and a person's liabilities
The value of a person's home

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Jin's total assets are $8,794.  Her liabilities are $2,670 in credit card debt and $3,622 for a student loan.  What is her net worth?
$6,124
$15,086
-$4,328
$2,502

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

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