Income and expenses information John and Mary Smith Annual Income John Salary $230,000 Mary Salary $280,000 BP Stock Option Bonus (ISO) Family Business Income $75,000 $ 100,000 2023 Tax Liability Income Tax $218,409 Property Tax $30,151 Social Security Tax $7,886 Medicare Tax $14,333 Annual Expenses Auto Insurance $2,400 Home Insurance $4,250 Universal Life (John) $5,700 Universal Life (Mary) $4,100 Medical Insurance $3,600 Food - Groceries $12,000 Food - Restaurants $12,000 Gas - Autos $6,000 Clothing $20,000 Entertainment $16,000 Hobbies $15,000 Travel $30,000 Home Maintenance/Cleaning $36,000 Vehicle Maintenance $5,000 Landscaping/Pool $24,000 Misc. $30,000 Personal Gifts $100,000 Charitable Gifts $100,000 Annual Savings BP 401(k)$24,000 MD Anderson 401(k)$24,000 Financial Position Information John and Mary Cash and Cash Equivalent Checking (John) $70,000 Checking (Mary) $90,000 Saving Account (John) $120,000 Saving Account (Mary) $145,000 Investment Assets Traditional IRA (John) $950,000 Traditional IRA (Mary) $1,020,000 BP 401 (k) (John) $680,000 MD Anderson 401 (k) (Mary) $1,180,000 BP Stock Option (John) $440,000 Brokerage Account (Joint) $3,250,000 Roth IRA (John) $125,000 Personal Use Assets Home $1,300,000 Boat $75,000 Jet Skis $25,000 '21 Lincoln Continental (Mary) $35,000 '21 G Wagon (John) $100,000 Household Items $1,500,000 Liabilities None what is their total assets together