Jerry has assets of $200,000, a net worth of $150,000, and an annual income of $100,000. What are Jerry's liabilities?
A) $100,000
B) $250,000
C) $50,000
D) $450,000

Name: Jerry has assets of $200,000, a net worth of $150,000, and an annual income of $100,000. What are Jerry's liabilities? A) $100,000 B) $250,000 C) $50,000 D) $450,000
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Question

Quizplus · Accepted Answer

Jerry's liabilities are calculated by subtracting his net worth from his assets. Therefore, $200,000 (assets) - $150,000 (net worth) = $50,000 (liabilities).

Jerry Has Assets of $200,000, a Net Worth of $150,000