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Taylor Has the Following Assets and Liabilities Suppose That Taylor Receives a $10,000 Bonus from Her Employer

Question 124

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}  
Suppose that Taylor receives a $10,000 bonus from her employer. If she puts that money toward her mortgage, her wealth would ________; if she puts that money in her checking account, her wealth would ________.


A) increase to $121,000; decrease to $101,000
B) increase to $115,000; decrease to $95,000
C) increase to $121,000; increase to $121,000
D) increase to $115,000; increase to $115,000

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