Final answer:
The question entails calculating a carpenter's net worth by deducting liabilities from assets, a concept taught in high school mathematics and related to basic accounting principles.
Step-by-step explanation:
The question involves calculating the net worth or equity of a carpenter by subtracting liabilities from personal assets. This is a basic accounting equation which is part of high school mathematics and business studies. To find the net worth, one must list all assets including cash, property (like a house), and other valuable items, then subtract all debts and other liabilities from the total value of the assets.
From the given examples, if we take Frank, for instance, with a house value of $160,000 and a remaining loan of $60,000, his equity becomes $160,000 - $60,000 = $100,000. Similar calculations would be done using the other values provided for assets and liabilities to arrive at the final net worth of the carpenter. It's essential to categorize and compute these values correctly to arrive at the correct net worth.