If a person calculates their net worth with total assets of $279,075 and total liabilities of $149,350, what is their net worth?

To calculate net worth, a person subtracts their total liabilities from their total assets. The formula for net worth is:

Net Worth = Total Assets - Total Liabilities

In this case, the total assets are $279,075 and the total liabilities are $149,350. When you perform the calculation:

Net Worth = $279,075 - $149,350

This results in:

Net Worth = $129,725

Therefore, the correct answer reflecting the person's net worth is indeed $129,725. This calculation highlights the significance of understanding one’s financial position through the relationship between assets and liabilities, where a positive net worth indicates that an individual has more assets than debts, which is a crucial facet of financial health.