Question

The personal assets and liabilities of a plumber are listed below.

What is the total value of the plumber's liabilities?
$149,367
$167,925
$241,231
$273,881

Answer 1

Option B.) $167,925

Explanation:

Liability is money you owe to another person or institution, including a credit card balance, mortgage and so on.

So the plumber's liabilities

= 149,367 + 6,283 + 12,275

= $167,925