In 2023, Reign spends $30,000 per year on food, clothing, and other personal expenditures. On December 31, 2023, 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, 2023?

Answer rating: 100% (QA)

To calculate Reigns net worth on December 31 2023 we need to subtract the total liabilities ... View the full answer