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Mike and Mary Jane Lee have a yearly income of $ 71, 682 and own a house worth $ 106,300 two cars worth a total

Mike and Mary Jane Lee have a yearly income of $71, 682 and own a house worth $106,300two cars worth a total of $24,799 and furniture worth $12,172 The house has a mortgage of $55,854and the cars have outstanding loans of $ 3,660 each. Utilitybills, totaling $285 for thismonth, have not been paid. Calculate or use Worksheet 4 to determine their net worth and explain what it means. How would theLees' age affect your assessment of their networth?

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