Question
J and S have net household income of $6,000 after taxes. They also have the following items: Savings $3,000; Investments $10,000; IRA $100,000; Checking Acct
J and S have net household income of $6,000 after taxes. They also have the following items: Savings $3,000; Investments $10,000; IRA $100,000; Checking Acct $2,000 Credit card balance $14,000; Student loan balance $14,000, Automobile $18,000 Auto loan balance $10,000 student loan payment $1,500 per month. Auto loan payment $500 per month.
What is their net worth?
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Net worth is calculated by subtracting total liabilities from ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
