The table lists Emily and Joe’s assets and liabilities.
 
Assets	Liabilities
Type	Amount	Type	Amount
Checking	$895	Student Loans	$29,560
Savings Account	$3670	Car Loan	$12.440
House	$232,000	Credit Card
Balance	$3,420
Stock Fund	$31,462	Mortgage	$213,300

What is their net worth?
A.$18,700.00
B.$258,720.00
C.$267,027.00
D.$9,307.00

To determine Emily and Joe's net worth, we need to calculate the total value of their assets and subtract the total value of their liabilities.

First, we sum up the total assets:

- Checking: $895
- Savings Account: $3,670
- House: $232,000
- Stock Fund: $31,462

\[
\text{Total Assets} = \$895 + \$3,670 + \$232,000 + \$31,462 = \$267,027
\]

Next, we sum up the total liabilities:

- Student Loans: $29,560
- Car Loan: $12,440
- Credit Card Balance: $3,420
- Mortgage: $213,300

\[
\text{Total Liabilities} = \$29,560 + \$12,440 + \$3,420 + \$213,300 = \$258,720
\]

Finally, we subtract the total liabilities from the total assets to find the net worth:

\[
\text{Net Worth} = \text{Total Assets} - \text{Total Liabilities} = \$267,027 - \$258,720 = \$8,307
\]

So, the correct answer is:

D. $9,307.00

Would you like more details or have any questions about this calculation? 

Here are some related questions:
1. How does net worth change if Emily and Joe pay off the credit card balance?
2. What happens to their net worth if the value of their house increases by 10%?
3. How would refinancing their mortgage affect their liabilities?
4. What is the impact on net worth if the stock fund decreases by 15%?
5. If they save an additional $5,000, how does that affect their assets?

**Tip:** Regularly reviewing and updating your net worth can help you track your financial progress and make informed financial decisions.

The table lists Emily and Joe’s assets and liabilities.

Assets	Liabilities
Type	Amount	Type	Amount
Checking	$895	Student Loans	$29,560
Savings Account	$3670	Car Loan	$12.440
House	$232,000	Credit Card Balance	$3,420
Stock Fund	$31,462	Mortgage	$213,300

What is their net worth?
A.$18,700.00
B.$258,720.00
C.$267,027.00
D.$9,307.00

Learn how to calculate Emily and Joe’s net worth by summing their assets and subtracting their liabilities. This step-by-step guide covers basic arithmetic concepts like asset and liability evaluation. Ideal for students in Grades 9-12.

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