Assets
Car $36,000
Computer $1,115
Savings account $27,844
Retirement savings $90,291
Total Assets $
Liabilities Balance Owed
Mortgage $114,500
Credit card balance $3,062
Total Liabilities $
Net Worth $
The total assets is equal to the sum of all the individual assets, which is $36,000 (car) + $1,115 (computer) + $27,844 (savings account) + $90,291 (retirement savings) = $155,250.
The total liabilities is equal to the sum of all the individual liabilities, which is $114,500 (mortgage) + $3,062 (credit card balance) = $117,562.
Net worth is calculated by subtracting total liabilities from total assets, which is $155,250 (total assets) - $117,562 (total liabilities) = $37,688.