Question

Your net​ worth, or your general level of financial​ worth, is found by A. subtracting your liabilities from your assets. B. dividing your monetary assets by your current liabilities. C. subtracting current liabilities from monetary assets. D. dividing monthly debt​ (less a mortgage​ payment) by monthly income. E. subtracting your expenses from your income.

Answer 1

A. Substracting your liabilities from your assets.

Step-by-step explanation:

In essence, if you want to find out what your net worth is, you will have to sum your overall assets and subtract your liabilities. The overall assets include everything you possess, including the financial worth of your house and the money you have in your bank account. The liabilities, on the other hand, refer to the financial debts such as your credit card bill, property loans, etc.