Question
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
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 2013 are: Ray and Maria have interest income of $577 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, 2013, and their value is $10,700 on December 31, 2013. 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 $400 per month in alimony. All payments were made on time in 2013. Judy's Social Security number is 566-74-8765. During 2013, 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 2013, 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 2013. Her ticket was lucky and she won $3,000. The winning amount was paid to Maria in November 2013, 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 2013. Ray never uses the car for personal purposes. Required: Complete the Gomez's federal tax return for 2013. Use Form 1040 below. If an amount box does not require an entry, leave it blank. Enter all amounts as positive numbers. Click here to access the tax table to use for this problem.
Mike Copeland 1. Name three reasons why time management and workplace organization is important. Prioritize: Allows you to prioritize all projects in order of importance and keeps you focused on daily tasks. Performance: Employee Performance will increase as a result of increased productivity. This will allow you to move forward to do other projects or long term goals. Procrastination: This can be eliminating procrastination with time management. Managing time can help managers with planning the rights tasks at the right time and helps the employees to understand that tasks are expected to be completed without excuses. 2. Share three time management tools. Planner and Organizer - A planner helps you to stay organized and focused on achieving goals, which can be used for appointments, tasks, keeping track of goals, making notes, etc. "To Do" List - One of the excellent ways to organize every day more effectively. This will help you stay focused on the most important items for that day. Cross out completed items and add the unfinished items to the new list for the next day. Time Journal - Will help you keep track of all the activities you are actually working on, in one hour or half hour increments. This way you will get a better idea where you spend your time. 3. Share three organization tools you should practice in your personal work area. Keep work area clean and clutter free Keep electronic files organized Maintain paper files in cabinets in clearly labeled file folders 4. Define time wasters and explain how to deal with them. Is someone or something that cause you to spend a lot of time doing something that is unnecessary or does not produce any benefit. (1) List your priorities in order of importance (2) Keep your office area neatly organized and free of clutter (3) Schedule time each day when you return calls and let your clients know when that time will be and to open mail (4) Clean out your email box daily and don't use your business email address for personal useStep by Step Solution
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