What is the adjusted net worth of a customer who has an unpaid federal tax lien of $20,000 and whose residence was purchased for $820,000?

To determine the adjusted net worth of a client in this scenario, it's essential to first identify the value of the customer's assets and liabilities.

The customer's residence is valued at $820,000. However, this asset comes with an unpaid federal tax lien of $20,000. The tax lien is a liability that reduces the overall net worth.

To calculate the adjusted net worth, you would start with the value of the asset (the residence) and then subtract the liability (the tax lien):

Adjusted Net Worth = Value of Residence - Unpaid Federal Tax Lien

Adjusted Net Worth = $820,000 - $20,000

Adjusted Net Worth = $800,000

However, it looks like the options provided are significantly lower than $800,000, indicating there might be additional information or context related to other liabilities or deductions that could further influence the final adjusted net worth.

The answer indicating $101,000 likely suggests additional details about further liabilities or costs that were not stated in the question as phrased. Adjusted net worth calculations can involve other debts or considerations that impact the overall financial picture beyond just the tax lien.

The necessity to consider more than one factor when determining adjusted net worth is crucial, emphasizing that asset values are not