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A family with $45,000 in assets and $22,000 of liabilities would have a net worth of

User Rbonallo
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2 Answers

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23,000.  You would just subtract the liabilities.
User Mishamosher
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Answer:

$23,000

Step-by-step explanation:

The net worth of a family is calculated by adding all the family's assets and subtracting all their liabilities:

$45,000 - $22,000 = $23,000

A family's net worth continually changes depending on your current and future income, and your estimated spending, specially what percentage is spent through credit.

User Joseph Leedy
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