Question

The personal assets and liabilities of a plumber are listed below. Home Value $198,800 Mortgage $149,367 Credit Card Balance $6,283 Owned Yard Equipment $25,350 Car Value $7,300 Investments $42,431 Kitchen Renovation Loan $12,275 What is the total value of the plumber's liabilities? $149,367 $167,925 $241,231 $273,881

Answer 1

Explanation:

To find the total value of the plumber's liabilities, you simply need to add up the amounts of all the liabilities listed:

Liabilities:

1. Mortgage: $149,367

2. Credit Card Balance: $6,283

3. Kitchen Renovation Loan: $12,275

Total Liabilities = $149,367 + $6,283 + $12,275

Total Liabilities = $167,925

So, the total value of the plumber's liabilities is $167,925.