Wealth vs. Income - Canvas
33 unread replies.33 replies.
Your brother makes $50,000 a year at The Big Corporation.
His assets are valued at $30,000. He is fortunate not to have any debt. He does not have a car as he is a bicycling enthusiast.
a) If he is asked on a loan application for his income, what would be the correct figure to report based on the information provided? Show your work/explain your answer.
b) What is your brother's net worth?