To find the carpenter's net worth, you need to perform the following steps:
1. Calculate the total assets: Add up the value of all assets owned by the carpenter. The assets listed are:
- Home Value: \[tex]$175,742
- Work Equipment Value: \$[/tex]3,365
- Car Value: \[tex]$44,346
- Investments: \$[/tex]61,225
Total assets:
[tex]\[
175,742 + 3,365 + 44,346 + 61,225 = \$284,678
\][/tex]
2. Calculate the total liabilities: Add up all the liabilities. The liabilities listed are:
- Mortgage: \[tex]$76,765
- Credit Card Balance: \$[/tex]2,055
- Truck Loan: \[tex]$66,408
Total liabilities:
\[
76,765 + 2,055 + 66,408 = \$[/tex]145,228
\]
3. Calculate the net worth: Subtract the total liabilities from the total assets.
[tex]\[
\text{Net Worth} = \text{Total Assets} - \text{Total Liabilities}
\][/tex]
Using the values we found:
[tex]\[
284,678 - 145,228 = \$139,450
\][/tex]
Thus, the carpenter's net worth is \[tex]$139,450. The correct option is \$[/tex]139,450.
