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Wealth vs. Income - Canvas Ex. #1 33 unread replies.33 replies. Your brother makes $50,000 a year at The Big Corporation. His assets are valued

Wealth vs. Income - Canvas Ex. #1

33 unread replies.33 replies.

Your brother makes $50,000 a year at The Big Corporation.

His assets are valued at $30,000. He is fortunate not to have any debt. He does not have a car as he is a bicycling enthusiast.

a) If he is asked on a loan application for his income, what would be the correct figure to report based on the information provided? Show your work/explain your answer.

b) What is your brother's net worth?

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