Annual Personal Income and Expense Statement for the Person M for \ \ \ \ Income:\ \ - Person R Salary: \ \ -- Person K Salary: \ \ - Total Income: \ \ \ \ Expenses:\ \ 1. Taxes:\ \ - Federal and State Taxes (20% of Income):\ \ - FICA Taxes: \ \ \ \ 2. Savings:\ \ - Monthly Savings (\ months): \ \ \ \ 3. Housing Expenses:\ \ - Mortgage Payment: \ months: \ \ - Property Taxes: (Assuming included in mortgage payment)\ \ \ \ 4. Transportation Expenses:\ \ - Car Lease:\ \ \ \ 5. Education Expenses:\ \ - College Loan Payments: \ months: \ \ \ \ 6. Utilities:\ \ - Utilities: \ months: \ \ \ \ 7. Food Expenses:\ \ - Food Expenses: \ weeks:\ \ \ \ 8. Insurance Expenses:\ \ - Auto Insurance Premiums: \ \ \ \ 9. Other Expenses:\ \ - Other Expenses: \ \ Total Expenditures:\ \ \ Net Cash Flow:\ \ Total Income - Total Expenditures: