This month Joshua has $2000 income from his job and $100 interest income.His expenses are rent $500,food and entertainment $400,car expenses $600.He has $40 000 held in bonds and a car loan of $10000 .What is his net worth?
A)$30 000
B)$32 100
C)$30 600
D)$30 500

Question

Quizplus · Accepted Answer

Net worth is calculated as total assets minus total liabilities. Joshua's assets are $40,000 in bonds. His liabilities are a $10,000 car loan. Therefore, his net worth is $40,000 - $10,000 = $30,000.

This Month Joshua Has $2000 Income from His Job and $100