\text{Net Worth} = \text{Assets} - \text{Liabilities} = 338,950 - 246,020 = **$92,930**

The formula for calculating **Net Worth** is:

\[
\text{Net Worth} = \text{Assets} - \text{Liabilities}
\]

Given:
- **Assets** = 338,950
- **Liabilities** = 246,020

Substituting the values into the equation:

\[
\text{Net Worth} = 338,950 - 246,020 = 92,930
\]

Thus, the net worth is **$92,930**.

Would you like more details or have any questions about this? Here are some related questions:

1. What are some examples of assets and liabilities?
2. How can you increase your net worth?
3. What is the difference between liquid and non-liquid assets?
4. How do liabilities affect financial stability?
5. How can budgeting influence assets and liabilities?

**Tip:** Regularly tracking assets and liabilities can help you monitor your financial progress and make informed decisions.

Net Worth = Assets - Liabilities = 338,950 - 246,020 = $92,930

Learn how to calculate net worth using the formula Net Worth = Assets - Liabilities. This example demonstrates the calculation with assets valued at $338,950 and liabilities at $246,020, resulting in a net worth of $92,930. Suitable for students in Grades 6-8, this problem covers basic arithmetic and financial mathematics concepts.

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