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Taylor Has the Following Assets and Liabilities What Is Taylor's Wealth?
A)$105,000
B)$107,000
C)$111,000
D)$419,000

Question 121

Multiple Choice

Taylor has the following assets and liabilities:  
 Two cars $15,000 House $400,000 Mortgage $300,000 Cash $1,000 Car loars $5,000 Checkire accourtbalarce $3,000 Credit card balarce $3,000\begin{array} { l | r } \text { Two cars } & \$ 15,000 \\\text { House } & \$ 400,000 \\\text { Mortgage } & \$ 300,000 \\\hline \text { Cash } & \$ 1,000 \\\text { Car loars } & \$ 5,000 \\\hline \text { Checkire accourtbalarce } & \$ 3,000 \\\text { Credit card balarce } & \$ 3,000\end{array}  
What is Taylor's wealth?


A) $105,000
B) $107,000
C) $111,000
D) $419,000

Correct Answer:

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