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Mike and Mary Jane Lee have a yearly income of $91,428 and own a house worth $124,900,two cars worth a total of $21,410 and furniture
Mike and Mary Jane Lee have a yearly income of $91,428 and own a house worth $124,900,two cars worth a total of $21,410 and furniture worth $13,353.The house has a mortgage of $80,982 and the cars have outstanding loans of $2,653each. Utility bills, totaling $272 for this month, have not been paid. Calculate or use Worksheet 4 to determine their net worth and explain what it means. How would the Lees' age affect your assessment of their net worth?
The value of Mike and Mary Jane's total assets are $ nothing. (Round to the nearest dollar.)
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