Sample Household Assets
Assets	Value
Cash	$500
Savings Account	$4,800
IRA Account	$6,500
Current Value of Stocks	$5,000
Life Insurance	$0
Value of Home	$125,000
Other Real Estate	$0
Automobile	$6,400
Personal Property	$3,900
Other Assets	$0

1.

What is the total amount of assets for this household?

2.

What percentage of these assets is accounted for by the value of the home? Round off to the nearest whole number.

Review this list of household liabilities to answer the questions below.

Sample Household Liabilities
Liabilities	Amount
Home Mortgage	$113,000
Student Loan	$8,000
Auto Loan	$3,300
Credit Card	$4,500
Personal Loan	$2,500

3.

What is the total amount of liabilities for this household?

4.

What percentage of these liabilities is accounted for by the value of the home mortgage? Round off to the nearest whole number.

5a.

Using the terms below, explain how to calculate the net worth of this household. N = Net Worth A = Assets L = Liabilities

5b.

Perform the calculation and enter the answer below.