The net worth of the family is $341,000
What is net worth of the family?
The net worth of the family means the excess of their assets over liabilities, in other words, net worth is determined as the assets of the family minus their liabilities
net worth=assets-liabilities
net worth=$165,000
assets=unknown(assume it is x)
liabilities=$176,000
$165,000=x-$176,000
x=$165,000+$176,000
x=assets of the family=$341,000
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