Use the table to answer the

Question

question.
Assets Value
Car $36,000
Computer $1,115
Savings account $27,844
Retirement
savings
$90,291
Total Assets
Liabilities Balance
Owed
Mortgage $114,500
Credit card
balance
$3,062
Total Liabilities
Net Worth
Constructing the table, what is the
net worth?
(1 point)
$155,250
$43,812
$117,562
$37,688

Answer 1

To find the net worth, we subtract the total liabilities from the total assets.

Total Assets = $36,000 + $1,115 + $27,844 + $90,291 = $155,250
Total Liabilities = $114,500 + $3,062 = $117,562

Net Worth = Total Assets - Total Liabilities = $155,250 - $117,562 = $37,688

Therefore, the net worth is $37,688.