Okay, let's tackle this math problem. We're starting with 98121 and subtracting 94929.

Step 1: We'll start by subtracting the digit 9 and the borrow 0 from 1 in column 1 and get -8.
We add -8 to 10 and get 2 as the first digit of the result.

Step 2: We'll start by subtracting the digit 2 and the borrow 1 from 2 in column 2 and get -1.
We add -1 to 10 and get 9 as the next digit of the result.

Step 3: We'll start by subtracting the digit 9 and the borrow 1 from 1 in column 3 and get -9.
We add -9 to 10 and get 1 as the next digit of the result.

Step 4: We'll start by subtracting the digit 4 and the borrow 1 from 8 in column 4 and get 3.
3 is the next digit of our result.

Step 5: We'll start by subtracting the digit 9 and the borrow 0 from 9 in column 5 and get 0.
0 is the next digit of our result.

So, 98121 - 94929 = 3192.