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How is net worth calculated? A. Total debts – total assets B. Total assests – total debts C. Gross income D. Pre-tax deductions
Net worth is: Total assets – total debts
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Asked 9/14/2010 10:29:39 PM
Updated 5/28/2015 3:29:13 PM
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Net worth is: Total assets – total debts
Added 5/28/2015 3:29:13 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [5/28/2015 4:07:16 PM]
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Which is an example of an income source? A. Social security benefit B. Pension contributions C. Investment account D. Child support
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Updated 1/18/2017 9:18:54 AM
4 Answers/Comments
Social security benefit is an example of an income source.
Added 1/18/2017 9:18:54 AM
This answer has been confirmed as correct and helpful.
Typically, capacity to repay a loan is based on which factor? A. Past history B. Household net worth C. A cosigner D. Household cash flow
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Which of the following is an example of long-term debt? A. Car maintenance B. Property taxes C. Credit card balance D. Home equity loan
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Question
Expert Answered
Updated 9/28/2014 2:14:44 PM
1 Answer/Comment
A home equity loan is an example of long-term debt.
Added 9/28/2014 2:14:44 PM
This answer has been confirmed as correct and helpful.
Which of the following is an example of long-term debt? A. Car maintenance B. Property taxes C. Credit card balance D. Home equity loan
Weegy: C. You are at or over the limit on all of your credit card accounts User: How is net worth calculated? A. Total debts – total assets B. Total assests – total debts C. Gross income D. Pre-tax deductions Weegy: gross income less all deductions like tax. (More)
Question
Expert Answered
Updated 2/19/2014 12:42:36 AM
2 Answers/Comments
Home Equity Loan is an example of a long term debt.

Added 2/19/2014 12:40:13 AM
This answer has been confirmed as correct and helpful.
Total assets – total debts equals net worth, answer is B.

Added 2/19/2014 12:42:34 AM
This answer has been confirmed as correct and helpful.
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