To calculate your net worth, you need to know your:
A)annual income
B)assets and liabilities
C)monthly car loan cost
D)income after tax
E)pension contributions

Question

Quizplus · Accepted Answer

Net worth is calculated by subtracting liabilities (what you owe) from assets (what you own). Therefore, knowing your assets and liabilities is essential to calculating your net worth. Annual income, monthly car loan cost, income after tax, and pension contributions are all important considerations for financial planning, but they are not directly relevant to calculating net worth.

To Calculate Your Net Worth, You Need to Know Your