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

\begin{tabular}{|l|l|}
\hline \multicolumn{1}{|l|}{ Home Value } & [tex]$\$[/tex] 175,742[tex]$ \\
\hline Mortgage & $[/tex]\[tex]$ 76,765$[/tex] \\
\hline Credit Card Balance & [tex]$\$[/tex] 2,055[tex]$ \\
\hline Owned Work Equipment & $[/tex]\[tex]$ 3,365$[/tex] \\
\hline Car Value & [tex]$\$[/tex] 44,346[tex]$ \\
\hline Investments & $[/tex]\[tex]$ 61,225$[/tex] \\
\hline Truck Loan & [tex]$\$[/tex] 66,408[tex]$ \\
\hline
\end{tabular}

What is the carpenter's net worth?

A. $[/tex]\[tex]$ 139,450$[/tex]
B. [tex]$\$[/tex] 145,228[tex]$
C. $[/tex]\[tex]$ 281,313$[/tex]
D. \$284,678



Answer :

To find the carpenter's net worth, you need to perform the following steps:

1. Calculate the total assets: Add up the value of all assets owned by the carpenter. The assets listed are:
- Home Value: \[tex]$175,742 - Work Equipment Value: \$[/tex]3,365
- Car Value: \[tex]$44,346 - Investments: \$[/tex]61,225

Total assets:
[tex]\[ 175,742 + 3,365 + 44,346 + 61,225 = \$284,678 \][/tex]

2. Calculate the total liabilities: Add up all the liabilities. The liabilities listed are:
- Mortgage: \[tex]$76,765 - Credit Card Balance: \$[/tex]2,055
- Truck Loan: \[tex]$66,408 Total liabilities: \[ 76,765 + 2,055 + 66,408 = \$[/tex]145,228
\]

3. Calculate the net worth: Subtract the total liabilities from the total assets.
[tex]\[ \text{Net Worth} = \text{Total Assets} - \text{Total Liabilities} \][/tex]
Using the values we found:
[tex]\[ 284,678 - 145,228 = \$139,450 \][/tex]

Thus, the carpenter's net worth is \[tex]$139,450. The correct option is \$[/tex]139,450.