9
QuizMultiple Choice

Relating Income and Careers — Test

Question 9 • Personal Finance

Patrick has assets that total 9 dollars comma 500 His liabilities total 1 dollars comma 900 Which expression will find Patrick’s net worth?

Answer
A
9 dollars comma 500 minus 1 dollars comma 900
B
1 dollars comma 900 plus 9 dollars comma 500
C
1 dollars comma 900 minus 9 dollars comma 500
D
9 dollars comma 500 divided by 1 dollars comma 900

Explanation

Net worth is calculated by subtracting liabilities from assets. Patrick’s assets are $9,500 and his liabilities are $1,900, so the expression is $9,500 − $1,900. Choice A gives this calculation.

AI-written and checked against the verified answer.

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