Your client has a house worth $127,500, a car worth $5,500, a savings of $5,450, and a retirement account worth $50,000. They also have a car loan for $2,000, a credit card balance of $1,500, and a mortgage of $50,000. Creating an assets and liabilities record, what is the total value of your client’s assets?
$188450
$134950
$53500
$241950
The total value of the client's assets is $127,500 + $5,500 + $5,450 + $50,000 = $188,450.
Therefore, the correct answer is $188,450.