Which of the following taxpayers is solvent? Jeanette, who owns assets with a fair market value of $7,500 and has no liabilities. Hector, who owns no assets and has liabilities of $12,000. William, who owns assets with a fair market value of $12,000, and has liabilities of $12,500. Mikayla, who owns assets with a fair market value of $6,000 and has total liabilities of $7,000.