Question

Amala listed her assets and liabilities. credit card balance car (paid in full) jewelry student loan savings account stocks $850 $2,200 $125 $2,500 $1,200 $1,500 what is the total of amala’s liabilities? $850 $2,500 $3,350 $5,550

Answer 1

The  total of amala’s liabilities will be $5,500.

What is liabilities income?

Passive income is the amount you receive that comes from the remuneration of your investments in financial market products. That is, it is generated regardless of your effort.

In this case, the total will be:

Total amount of Amala’s liabilities = Credit card balance  + car + student loan

So, we have:

$850 + 2200 + 2500 = 5500$

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Answer 2

Answer:

$3,350

Step-by-step explanation:

This is because her car is paid in full it is no longer a liability it is an asset making the person above incorrect. The credit card balance + the student loans = 3,350