Question

Carla made $57 babysitting and $26 feeding her aunt’s cats.She spent $18 on gloves, $35 on circus tickets, and $12.50 on music.What is her net worth?Is it positive or negative

Answers

  1. Carla’s net worth, which is positive, is $17.50.

    What is net worth?

    The net worth is the difference between total assets (income) and total liabilities (expenses).
    For example, Carla’s earnings totaled $83 while her expenses were $65.50, leaving her a net worth (income) of $17.50.

    Data and Calculations:

    Earnings:
    Babysitting = $57
    Feeding = $26
    Total earnings = $83
    Expenses:
    Gloves = $18
    Circus tickets = $35
    Music = $12.50
    Total expenses = $65.50
    Net worth = $17.50 ($83 – $65.50)
    Thus, Carla’s net worth, which is the difference between her total income and total expenses, is $17.50.
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