The formula for calculating net worth is
A)income minus expenses.
B)assets minus liabilities.
C)income minus liabilities
D)assets minus expenses.

Question

Quizplus · Accepted Answer

Net worth is calculated by subtracting liabilities from assets. This gives an individual or business an idea of their overall financial health and how much they are worth. Income and expenses are not the only factors that determine net worth as they do not take into account a person's assets and liabilities.

The Formula for Calculating Net Worth Is