Patricia McDonald has determined that the value of her liquid assets is $4,500, the value of her real estate is $135,000, the value of her personal possessions is $58,000, and the value of her investment assets is $72,000. She has also determined the value of her current liabilities is $7,500 and the value of her long term liabilities is $98,000. What is Patricia's net worth?

The correct answer is $164,000.

Explanation:

According to the scenario, the given data are as follows:

Assets

Liquid assets = $4,500

Real estate = $135,000

Personal possession = $58,000

Investment assets = $72,000

Liabilities

Current liabilities = $7,500

Long term liabilities = $98,000

So, we can calculate Patricia's net worth by using following formula:

Net worth = Total Assets - Total Liabilities

= ( $4,500 +$135,000 + $58,000 + $72,000) - ( $7,500 + $98,000 )

=  $269,500 - $105,500

=  $164,000

Hence, Patricia's net worth is $164,000.

c, theres a double tax on the business earnings

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!