Maria Gomez would like to learn more about her financial situation.Help her calculate her current net worth.

A) $3,460
B) $10,210
C) $11,710
D) $53,710

Question

Maria Gomez would like to learn more about her financial situation.Help her calculate her current net worth.
​

A) ​$3,460 
B) ​$10,210 
C) ​$11,710 
D) ​$53,710

Quizplus · Accepted Answer

To calculate net worth, we need to subtract liabilities from assets. Based on the given information, Maria's assets are:
$41,000 (House) 
+ $7,500 (Car) 
+ $10,000 (Savings account) 
+ $3,200 (Investment account) 
= $61,700 
Her liabilities are:
- $2,500 (Credit card debt) 
- $500 (Unpaid bills) 
- $300 (Auto loan) 
- $3,190 (Mortgage) 
= $6,490 
Therefore, her net worth is:
Assets - Liabilities 
= $61,700 - $6,490 
= $55,210 
So, option C is the correct answer.

Maria Gomez Would Like to Learn More About Her Financial