Han Harris owns a vehicle wort 000 and a home worth $230,0 has a checking account balanc 000, a savings account balanc- 000, and a mutual fund worth 000. His personal assets are th $100,000. He still owes $ 000 on his car, $101,000 on hi e, and $1,000 on his credit ca
Han Harris owns a vehicle wort 000 and a home worth $230,0 has a checking account balanc 000, a savings account balanc- 000, and a mutual fund worth 000. His personal assets are th $100,000. He still owes $ 000 on his car, $101,000 on hi e, and $1,000 on his credit ca
Chapter12: Alternative Minimum Tax
Section: Chapter Questions
Problem 42P
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Question
Transcribed Image Text:Jordan Harris owns a vehicle worth $
20,000 and a home worth $230,000.
He has a checking account balance of
$1,000, a savings account balance of
$1,000, and a mutual fund worth $
75,000. His personal assets are
worth $100,000. He still owes $
10,000 on his car, $101,000 on his
home, and $1,000 on his credit card.
What is Jordan's net worth? Multiple
Choice $538, 000 $427,000 $315,000
$112,000 $136, 000
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