Taylor Has the Following Assets and Liabilities What Is Taylor's Wealth?
A) $105,000
B) $107,000
C) $111,000

question 98

Multiple Choice

Taylor has the following assets and liabilities: $$\begin{array} { l l r } \text { Two cars } & \$ 15,000 \\\text { House } & \$ 400,000 \\\text { Mortgage } & \$ 300,000 \\\text { Cash } & \$ 1,000 \\\text { Car loans } & \$ 5,000 \\\text { Checking account balance } & \$ 3,000 \\\text { Credit card balance } & \$ 3,000\end{array}$$ What is Taylor's wealth?

• A) $105,000
• B) $107,000
• C) $111,000
• D) $419,000

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