Question

a persons net worth is determined by
○ adding the total value of assets to the total of liabilities.
○ subtracting income from the total value of assets.
○ subtracting a persons total liabilities from his assets.
○ adding property taxes to the value of the persons home.

Explanation:

Net worth represents an individual's financial standing, calculated by taking all owned assets (things of value) and subtracting all outstanding financial obligations (liabilities). The other options describe incorrect calculations that do not yield net worth.

Answer:

subtracting a person’s total liabilities from his assets.