Answer:
Total of Amala’s liabilities is $5500 .
Step-by-step explanation:
Liabilities is defined as the sums of money which it owes .
As given
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 .
As Credit card balance , car (Paid in full) and student loan are Amala liabilities .
Thus
Total amount of Amala’s liabilities = Credit card balance + car + student loan .
Putting all the values in the above
Total amount of Amala’s liabilities = 850 + 2200 + 2500
= $5500
Therefore the total of Amala’s liabilities is $5500 .