an individual, who earns $36,000 a year, has total assets of $156,000 and liabilities of $85,000. the net…

an individual, who earns $36,000 a year, has total assets of $156,000 and liabilities of $85,000. the net worth of this individual is\n$49,000.\n$71,000.\n$192,000.\n$234,000.

an individual, who earns $36,000 a year, has total assets of $156,000 and liabilities of $85,000. the net worth of this individual is\n$49,000.\n$71,000.\n$192,000.\n$234,000.

Answer

Explanation:

Step1: Recall net - worth formula

Net worth = Total assets - Total liabilities

Step2: Substitute given values

Net worth = $156000 - 85000$

Step3: Calculate the result

Net worth = $71000$

Answer:

B. $71,000$