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The personal assets and liabilities of a plumber are listed below.

\begin{tabular}{|l|l|}
\hline Home Value & [tex]$\$[/tex] 198,800[tex]$ \\
\hline Mortgage & $[/tex]\[tex]$ 149,367$[/tex] \\
\hline Credit Card Balance & [tex]$\$[/tex] 6,283[tex]$ \\
\hline Owned Yard Equipment & $[/tex]\[tex]$ 25,350$[/tex] \\
\hline Car Value & [tex]$\$[/tex] 7,300[tex]$ \\
\hline Investments & $[/tex]\[tex]$ 42,431$[/tex] \\
\hline Kitchen Renovation Loan & [tex]$\$[/tex] 12,275[tex]$ \\
\hline
\end{tabular}

What is the total value of the plumber's liabilities?

A. $[/tex]\[tex]$ 149,367$[/tex]

B. [tex]$\$[/tex] 167,925[tex]$

C. $[/tex]\[tex]$ 241,231$[/tex]

D. [tex]$\$[/tex] 273,881$

Sagot :

GinnyAnswer
To determine the total value of the plumber's liabilities, we need to identify all the liabilities listed and add them together. The liabilities are:

1. Mortgage: \[tex]$149,367 2. Credit Card Balance: \$[/tex]6,283
3. Kitchen Renovation Loan: \[tex]$12,275 Now, let's add these amounts step by step: 1. Add the Mortgage and Credit Card Balance: \[ 149,367 + 6,283 = 155,650 \] 2. Next, add the Kitchen Renovation Loan to the intermediate sum: \[ 155,650 + 12,275 = 167,925 \] Therefore, the total value of the plumber's liabilities is: \[ \$[/tex] 167,925
\]

So, the correct answer is:
[tex]\[ \$ 167,925 \][/tex]
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