Final answer:
Barbara's net worth is calculated by subtracting her liabilities, which consist solely of her student loan debt of $28,000, from her total assets of $19,000, resulting in a negative net worth of -$9,000.
Step-by-step explanation:
To calculate Barbara's net worth, we need to consider her assets, liabilities, and expenses. Her net worth is the difference between her total assets and her total liabilities. Given that her assets total $19,000 and she has student loan debt of $28,000, her liabilities exceed her assets, resulting in negative net worth. However, since gross income and annual expenses play a part in an individual's cash flow, not directly in net worth calculation, they are not included in this specific net worth calculation.
Barbara's net worth can be calculated as follows:
- Total Assets = $19,000
- Total Liabilities = Student Loan Debt = $28,000
- Net Worth = Total Assets - Total Liabilities
- Net Worth = $19,000 - $28,000
- Net Worth = -$9,000
Therefore, Barbara's net worth is negative $9,000.