Net Worth Worksheet
A Grade 6 math worksheet on understanding and calculating net worth, including assets and liabilities.
Includes
Standards
Topics
Net Worth Basics
Name:
Date:
Score:
Read each question carefully and answer to the best of your ability. Show your work where necessary.
1. Net worth is calculated by subtracting your from your .
2. An asset is something you that has .
3. A liability is something you to someone .
4. Which of the following is an example of an asset?
A car loan
Money owed to a friend
A savings account
A credit card bill
5. Which of the following is an example of a liability?
A house you own
A student loan
Jewelry
Money in your wallet
6. Sarah has $500 in her savings account, a bike worth $150, and she owes her brother $50. What is Sarah's net worth?
7. Tom has a collection of comic books worth $200, $75 in his piggy bank, and he has a library fine of $10. What is Tom's net worth?
8. Having a high net worth means you have more liabilities than assets.
True
False
9. Your net worth can change over time.
True
False