Question

Based on the information provided in the net worth statement, what is the net worth of this person?

A) $265,000.00
B) $307,000.00
C) $445,500.00
D) $752,500.00

Answer 1

To find this person's net worth, you will add the assets together to get a total value of what they are worth. Then you will need to subtract the amount of liability (amount owed).

( $487,500 + $265000) - $445500

$307000

This person's net worth is $307000.