Ted Riley Owns a Vehicle Worth $25,000 and a Home

question 119

Multiple Choice

Ted Riley owns a vehicle worth $25,000 and a home worth $225,000.He has a checking account balance of $500,a savings account balance of $1,500,and a mutual fund worth $85,000.His personal assets are worth $90,000.He still owes $10,000 on his car,$100,000 on his home,and $1,000 on his credit card.What is Ted's net worth?

• A)$538,000
• B)$427,000
• C)$316,000
• D)$111,000
• E)$136,000

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Definitions:

Gene

A unit of heredity that is transferred from a parent to offspring and is held to determine some characteristic of the offspring.

X Chromosome

One of the two sex chromosomes, X and Y, with the X chromosome carrying genes essential for the development of female physical characteristics and playing a role in male development as well.

Brain Development

The process by which the nervous system, including the brain, grows, matures, and learns, starting from before birth and continuing into adulthood.

Heritability

A statistical measure that indicates how much of the variation in a given trait within a population can be attributed to genetic differences among individuals.