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Karen James owes $10,000 in medical bills, $500 to the public utility, $300 on a car payment, $15,000 on a 5 year student loan, and $100,000 on a 15 year home mortgage. What is the total of Karen's current liabilities

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abiolataiwo2015

Assuming he owes $10,000 in medical bills, the total of Karen's current liabilities is $10,800.

Current liabilities

Using this formula

Total current liabilities=Medical bills+Public utility+Car payment

Where:

Medical bills=$10,000

Public utility=$500

Car payment=$300

Let plug in the formula

Current liabilities=$10,000+$500+$300

Current liabilities=$10,800

Inconclusion the total of Karen's current liabilities is $10,800.

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