Patricia works as a sales manager and earns approximately $60,000 a year. She owns her own home and has $20,000 in the bank as an emergency fund. She also owns a rental property, from which she earns $12,000 a year. Which of the following responses best represents her wealth?

Question

Quizplus · Accepted Answer

Wealth includes assets such as properties and savings. Patricia's two properties and her $20,000 savings best represent her wealth, as they are assets she owns outright.

Patricia Works as a Sales Manager and Earns Approximately $60,000