You currently work part$-$time making $$1,500$ per month. You have $$1,000$ in your bank account and drive a $2010$ Honda Civic worth $$5,000.$ You hope to pay off the loan on the car next year but still owe $$1,000.$ You use your credit card for simple monthly expenses like groceries and gas with the intention of always paying it off before you owe any interest. Currently the card has an outstanding balance of $$300.$ You have few items of any value $($you rent your apartment which comes furnished$)$ but you do have a laptop that you use for school. You estimate it is worth $$500.$ You are in your last semester of college. Because you work part$-$time you are going to graduate with only $$5,000$ in student loans.

Based on this information what is your Net Worth?

Question $8$Answer

a$.$

$$1,700$

b$.$

$$800$

c$.$

$$200$

d$.$

$$1,200$