4
AssignmentMultiple Choice

Taxes

Question 4 • * HSA 26-27 Economics

Which shows how to calculate Jasper’s net worth?

Answer
A
$4,400 - $15,800 = -$11,340
B
$15,800 + $4,400 = $20,260
C
$15,800 - $4,400 = $11,400
D
$20,260 - $15,800 = $4,400

Explanation

Net worth is calculated by subtracting liabilities from assets. Jasper’s assets are $15,800 and his liabilities are $4,400, so $15,800 − $4,400 = $11,400. Choice C shows this calculation.

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