A family has a net worth of $156,000 and liabilities of $167,000,what is the amount of their assets?
A)$11,000
B)$156,000
C)$167,000
D)$323,000
E)$452,000

Question

Quizplus · Accepted Answer

The net worth of a family is the difference between their assets and liabilities. So, we can use the formula:
Net worth = Assets - Liabilities
$156,000 = Assets - $167,000
Assets = $156,000 + $167,000
Assets = $323,000
Therefore, the amount of their assets is $323,000, which is option D.

A Family Has a Net Worth of $156,000 and Liabilities