Question: In 2 0 2 4 , Reign spends $ 3 0 , 0 0 0 per year on food, clothing, and other personal expenditures. On

In 2024, Reign spends $30,000 per year on food, clothing, and other personal expenditures. On December 31,2024, Reign has assets of $150,000(fair market value) and liabilities of $5,000. The imputed rental value of the home Reign owns and occupies is $15,000. What is Reign's net worth on December 31,2024?
a. $45,000
b. $50,000
c. $145,000
d. $5,000
e. $30,000

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