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Grade 7 · Math

7th grade What you own, what you owe, and net worth worksheet

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What you own, what you owe, and net worth

Grade 7 Math Worksheet

NameDate

Circle the best answer, or write your answer on the line.

  1. Read this first

    Use this

    Net worth record. Owns (assets): car | $3,800; savings | $1,250; furniture | $600. Owes (liabilities): car | $2,100; electric bill | $140.

  2. Luz reads Mr. Cole's pretend net worth record in the table. What is the net worth?

  3. Use this

    Net worth record. Owns (assets): savings | $820; laptop | $480; bike | $190. Owes (liabilities): laptop | $150; dentist | $60.

  4. Milo reads Ms. Frost's pretend net worth record in the table. What is the net worth?

  5. Ms. Shaw owns savings of $540, a bike worth $160 and a tablet worth $230, and owes $80 for the dentist and $120 for a phone. Pia finds the net worth. What is it?

  6. Mr. Grove owns a car of $3,600, savings worth $1,100 and furniture worth $550, and owes $1,900 for the car and $120 for the electric company. Ren finds the net worth. What is it?

  7. Ms. Wells owns savings of $760, a laptop worth $420 and a guitar worth $180, and owes $130 for the laptop and $70 for the dentist. Tala finds the net worth. What is it?

  8. Mr. Vance owns a car of $4,200, savings worth $1,900 and furniture worth $650, and owes $2,300 for the car and $95 for a phone. Zee finds the net worth. What is it?

  9. Esme reads Mr. Cole's pretend net worth record. It lists a couch bought for $800. It is now worth 80% of that. What is the couch worth now?

  10. Jun reads Ms. Frost's pretend net worth record. It lists a guitar bought for $250. It is now worth 90% of that. What is the guitar worth now?

  11. Net worth record, assets column

    ItemAmount
    savings$450
    laptop$360
    bike$90
  12. Milo reads Ms. Wells's pretend net worth record. What percent of the total assets is the laptop?

  13. Noah reads Mr. Grove's pretend net worth record. What percent of the total assets is the tablet?

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7th grade What you own, what you owe, and net worth worksheet – printable
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About this worksheet

What you own, what you owe, and net worth. Every version has 10 questions, and the answer key prints on the second page.

What your child will learn

  • I can sort things into assets (owned) and liabilities (owed), and total each column.
  • I can find a net worth, and work back to a missing asset.
  • I can tell what happens to net worth when a payment is made or an asset loses value, and who has the greater net worth.

Standard: state-only

Words to know

asset: Something owned that has a money value, like savings or a bike.

liability: Money that is owed and has to be paid.

net worth: Total assets minus total liabilities: what is left if everything owed is paid.

record: A table listing what a person owns and what a person owes.

Common mistakes

Your child put money that is owed in the assets column.

Your child put something that is owned in the liabilities column.

Your child added all but one of the lines in the column.

What to say

Ask: is this money you have, or money you have to pay?

Ask: do you have this, or do you owe it?

Ask: how many lines are in the column, and did you add every one?

Questions parents ask

What is the most common mistake with what you own, what you owe, and net worth?

Your child put money that is owed in the assets column.

How can I help my child with what you own, what you owe, and net worth?

Ask: is this money you have, or money you have to pay?

Are these 7th grade math worksheets free to print?

Yes. All 6 printable versions at each level are free to print, with the answer key, and no account is needed.

More grade 7 math

See all grade 7 math

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