# 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.Wha

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

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3 weeks 2023-01-09T17:15:27+00:00 1 Answer 0 views 0

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.