Calculate net worth using the following information. assets liabilities car - $3,500 car loan - $3,000 savings account - $1,000 credit card - $500 cash - $80 stock - $120 $1,200 $12,000 $500 $8,200

$1,200

Explanation:

Net worth is simply calculates as assets minus  liabilities. Assets are everything of significance,which include savings and investments, your house and other real estate, vehicles or any other properties of value you own. Liabilities  includes car loans, your mortgage, salaries/wages, and any other loan debt.

Assets = $3,500 + $1,000 +  $80 + $120 = $4,700

liabilities = $3,000 + $500 = $3,500

Net worth  = $4,700 - $3,500 =  $1,200

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