To determine the net worth of the lawyer, we need to follow these steps:
### Step 1: Identify and sum up the total assets
The given assets are:
- Car Value: [tex]$25,023
- Savings Account Balance: $[/tex]32,543
- Season Baseball Tickets: [tex]$5,768
- Checking Account Balance: $[/tex]2,125
- Home Value: [tex]$307,654
First, we sum these amounts:
\[
\text{Total Assets} = 25,023 + 32,543 + 5,768 + 2,125 + 307,654
\]
### Step 2: Identify and sum up the total liabilities
The given liabilities are:
- Car Loan: $[/tex]10,892
- Student Loans: [tex]$15,089
- Credit Card Balance: $[/tex]5,928
Next, we sum these amounts:
[tex]\[
\text{Total Liabilities} = 10,892 + 15,089 + 5,928
\][/tex]
### Step 3: Calculate the net worth
Net worth is calculated by subtracting the total liabilities from the total assets:
[tex]\[
\text{Net Worth} = \text{Total Assets} - \text{Total Liabilities}
\][/tex]
### Step 4: Substitute the values and find the solution
Using the values provided:
[tex]\[
\text{Total Assets} = 373,113
\][/tex]
[tex]\[
\text{Total Liabilities} = 31,909
\][/tex]
[tex]\[
\text{Net Worth} = 373,113 - 31,909
\][/tex]
[tex]\[
\text{Net Worth} = 341,204
\][/tex]
Therefore, the lawyer's net worth is [tex]$341,204.
The correct option is:
$[/tex]\[tex]$ 341,204$[/tex]
