Page 26 - Demo

24The table shows each of Ms. Patel%u2019s assets as a positive value and each ofher liabilities as a negative value.Ms. Patel%u2019s Net Worth StatementWhat is Ms. Patel%u2019s net worth?A $120,000B $146,500C $90,700D $55,200Net worth = Assets %u2013 LiabilitiesAssets are items that a person owns.Liabilities are amounts that a person owes.Item Value (dollars)House (current value)MortgageCar (current value)Credit Card BalanceChecking AccountSavings Account120,000%u201388,60014,500%u20132,7002,8009,200GUIDE:INSTRUCTIONAL PRACTICEPage 26%u00a9 RALLY! EDUCATION. NO PART OF THIS DOCUMENT MAY BE REPRODUCED WITHOUT WRITTEN PERMISSION OF THE PUBLISHER.Math Rehearsal%u00ae Plus Instruction for the STAAR%u00ae Test level GBE SURE YOU HAVE RECORDED ALL OF YOUR ANSWERS. STOP