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Based on the following information, what is the net worth of the person described as follows? ( Note : Only some of the following items

Based on the following information, what is the net worth of the person described as follows? (Note: Only some of the following items are relevant when calculating net worth.)

Checking account balance $5,000
American Express credit card balance $650
Money market account $2,200
Monthly rent $1,000
Automobile insurance per year $1,000
Automobile $7,000
Cash on hand $575
Auto loan balance $4,000
Food costs per month $1,000
Personal property $2,000
Student loans $10,000

Group of answer choices

-$22,875

$2,125

-$21,875

$1,125

-$9,875

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