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home / study / business / accounting / questions and answers / ray and maria gomez have been married 3 years. ... Question: Ray and
home / study / business / accounting / questions and answers / ray and maria gomez have been married 3 years. ... Question: Ray and Maria Gomez have been married 3 years. The... Bookmark Ray and Maria Gomez have been married 3 years. They live at 1610 Quince Ave., McAllen, TX 78701. Ray works for Palm Oil Corporation and Maria works for the City of McAllen. Maria's Social Security number is 444-65-9912 and Ray's is 469-21-5523. Ray and Maria's earnings and income tax withheld for 2015 are:
Ray: earnings from Palm Oil Corp. $30,120; federal income tax witheld $4,320; state income tax witheld 0
Maria: Earnings from the City of McAllen $32,050; Federal income tax witheld $5,200; State income tax witheld 0
Ray and Maria have interest income of $603 from a savings account at McAllen State Bank. In addition, they own U.S. Savings bonds (Series EE). The bonds had a value of $10,000 on January 1, 2015, and their value is $10,700 on December 31, 2015. They have not made an election with respect to these bonds.
Ray has an ex-wife named Judy Gomez. Pursuant to their divorce decree, Ray pays her $450 per month in alimony. All payments were made on time in 2015. Judy's Social Security number is 566-74-8765.
During 2015, Ray was in the hospital for a successful operation. His health insurance company reimbursed Ray $4,732 for all of his hospital and doctor bills.
In June 2015, Maria's father died. Under a life insurance policy owned and paid for by her father, Maria was paid death benefits of $25,000.
Maria bought a Texas lottery ticket on impulse during 2015. Her ticket was lucky and she won $4,000. The winning amount was paid to Maria in November 2015, with no income tax withheld.
Palm Oil Corporation provide Ray with a company car to drive while he is working. The Corporation spent $5,000 to maintain this vehicle during 2015. Ray never uses the car for personal purposes.
Required: Complete the Gomez's federal tax return for 2015. Use 1040 Form. If an amount box does not require an entry, leave it blank. Enter all amounts as positive numbers.
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