Ted Riley owns a vehicle worth $20,000 and a home worth $230,000.He has a checking account balance of $1,000,a savings account balance of $1,000,and a mutual fund worth $75,000.His personal assets are worth $100,000.He still owes $10,000 on his car,$101,000 on his home,and $1,000 on his credit card.What is Ted's net worth?
A) $538,000
B) $427,000
C) $315,000
D) $112,000
E) $136,000
Correct Answer:
Verified
Q124: What is most likely to be an
Q125: With respect to your federal income taxes,which
Q126: Karen Endicott is planning for her retirement.She
Q127: Which one of the following is a
Q128: Rebecca Murphy is planning for her retirement.She
Q130: Beverly Foster is planning for her retirement.She
Q131: As people reach retirement age,what is the
Q132: Nancy Moore is planning for her retirement.She
Q133: If you work after age 65,your Social
Q134: If you do not plan to retire
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents