Net Worth (Assets & Liabilities)

Car (paid off)

• Asset

• Liability

Car Loan

• Asset

• Liability

Student Loan

• Asset

• Liability

Saving Account

• Asset

• Liability

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

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Investments/Stocks

• Asset

• Liability

Credit Card Debt

• Asset

• Liability

Checking Account

• Asset

• Liability

Based on the chart above, what is the Net Worth?

• $16,840

• $50,850

• $34,010

• $67,690

Mortgage (what you owe on your house)

• Asset

• Liability