How is your net worth$$ calculated? Why is it$$ important?

Part $2$

Your net worth$$ is:$($Select the best answer$$ below.$)$

A$.$

your assets minus your liabilitiesyour$$assets$$minus$$your$$liabilities$.$

B$.$

your assets plus your liabilities.

C$.$

what you own plus what you owe.

D$.$

what you owe minus what you own.

Part $3$

Net worth is important because$$ it:$($Select the best answer$$ below.$)$

A$.$

is a measure of$$ wealth, and can be used to evaluate changes$$ in$,$ and develop strategies to$$ increase, wealth.

B$.$

is reported to the Internal Revenue Service.

C$.$

is reported in loan applications.

D$.$

has to be monitored.