If your total liabilities are $1,250 and total assets are $750,what is your net worth?
A) $500
B) -$500
C) $2,000
D) $1.67

Question

Quizplus · Accepted Answer

Net worth is calculated by subtracting total liabilities from total assets. So, in this case, 
Net worth = Total assets - Total liabilities = $750 - $1,250 = -$500 
Therefore, the correct choice is B as the net worth is negative indicating that the liabilities exceed the assets.

If Your Total Liabilities Are $1,250 and Total Assets Are