Johnathan Jones owns the following assets:

BMW $$75,000$

Home $$350,000$

CD $$50,000$

Saving $$30,000$

TSP $$150,000$

Checking account $$10,000$

He owes $$50,000$ on the car. He also owes $$125,000$ on the home and has a $$75,000$ student loan. He has a life insurance policy of $$300,000$ death benefit and cash value of $$40,000.$ He took a loan out on his policy to buy the car. What is Johnathan$$s net worth?

If Johnathan has gross pay of $$10,000$ and he is in the $32\%$ Federal and $3\%$ state tax bracket and his monthly mortgage is $$3,000\mathrm{.}00$ and lifestyle and utilities are $$3,000$ what is his cash flow.

Is Johnathan solvent or insolvent? Why?