Question

If Toni is trying to calculate her net worth, which of the following items would go on the liabilities list? *

Answer 1

Answer:

B.Her Mortgage

Step-by-step explanation:

The net worth is the value that left after deducting the liabilities from the assets

Here as per the given options, the original sale price of the car, saving account balance and the value of her 401(k) plan is an asset

While the liabilities is the mortgage that took by her as she has to repay the amount taken by the financial insititution. It is her responsibility to pay back all the dues to the bank

Therefore the option B is correct