Question

Please help!

Answer 1

Using it's concept, it is found that his net worth is given by:

C) $1,052,662

What is the net worth of an individual?

It is given by the sum of the individual assets subtracted by the sum of it's liabilities.

In this problem:

• The sum of his assets is of $178,000 + $1,055,000 = $1,233,000.

• The sum of his liabilities is of $145,908 + $34,430 = $180,338.

Hence, his net worth is given by:

Net worth = $1,233,000 - $180,338 = $1,052,662.

Which means that option C is correct.

More can be learned about net worth at brainly.com/question/27218751