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

\begin{tabular}{|l|l|}
\hline Home Value & [tex]$\$[/tex] 198,800[tex]$ \\
\hline Mortgage & $[/tex]\[tex]$ 149,367$[/tex] \\
\hline Credit Card Balance & [tex]$\$[/tex] 6,283[tex]$ \\
\hline Owned Yard Equipment & $[/tex]\[tex]$ 25,350$[/tex] \\
\hline Car Value & [tex]$\$[/tex] 7,300[tex]$ \\
\hline Investments & $[/tex]\[tex]$ 42,431$[/tex] \\
\hline Kitchen Renovation Loan & [tex]$\$[/tex] 12,275[tex]$ \\
\hline
\end{tabular}

What is the total value of the plumber's liabilities?

A. $[/tex]\[tex]$ 149,367$[/tex]
B. [tex]$\$[/tex] 167,925[tex]$
C. $[/tex]\[tex]$ 241,231$[/tex]
D. [tex]$\$[/tex] 273,881$



Answer :

To determine the total value of the plumber's liabilities, let's list all the liabilities specified:

1. Mortgage: \[tex]$149,367 2. Credit Card Balance: \$[/tex]6,283
3. Kitchen Renovation Loan: \[tex]$12,275 Next, we will add these values together to get the total liabilities: \[ \text{Total Liabilities} = \text{Mortgage} + \text{Credit Card Balance} + \text{Kitchen Renovation Loan} \] Substituting the given values: \[ \text{Total Liabilities} = \$[/tex]149,367 + \[tex]$6,283 + \$[/tex]12,275
\]

Adding these amounts:

[tex]\[ \$149,367 + \$6,283 = \$155,650 \][/tex]

[tex]\[ \$155,650 + \$12,275 = \$167,925 \][/tex]

Therefore, the total value of the plumber's liabilities is \[tex]$167,925. Among the provided options: - \$[/tex]149,367
- \[tex]$167,925 - \$[/tex]241,231
- \[tex]$273,881 The correct answer is \$[/tex]167,925.