06-05_task2

Name: Jeremiah Thomas School: Southside High Sc Date: 1/11/2024 Facilitator: H. jones 6.05 NET WORTH Total Points: 50 Directions: Fill in the net worth calculator based on the newlywed couple Jacob and Peyton Co Fill in only the gray boxes. Assets Cash Checking accounts $8,000 Savings accounts $14,000 Other cash $0 Total Cash $22,000 Investments Securities (stocks, bonds, mutual funds) $11,000 Treasury Bills $98,000 Other investments $27,000 Total Investments $136,000 Property Real Estate (market value) $150,000 Automobile (present value) $0 Other property $0 Total Property $150,000 Retirement Retirements accounts (IRA, 401k) $65,000 Other assets $35,000 Total Retirement $100,000 Total Assets $408,000 Liabilities Accounts Payable $0 Auto Loan $0 Credit Card Debt $26,000 Consumer Loans or Installments $0 Loan on Life Insurance $0 Real Estate Mortgages $145,000 Student Loans $36,000 Unpaid Taxes $0

Money Owed to Others $0 Other liabilities $0 Total Liabilities $207,000 Net Worth $201,000 Reflection Questions 1 .What was the couple's total assets? Were you surprised by what you saw? 22,000 and no I was not. 2. What did you think about the total amount of liabilities? Were you surprised by the a Its ight and no I was not. 3. What was the total net worth? Were you surprised by what you saw? 201,000 was the total net worth and no I was not. 4. What did you learn about net worth from this activity? The net worth was a lot.

amount of liabilities they had? Why?