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Ray and Maria Gomez have been married for 3 years. Ray is a propane salesman for Palm Oil Corporation and Maria works as a city
Ray and Maria Gomez have been married for 3 years. Ray is a propane salesman for Palm Oil Corporation and Maria works as a city clerk for the City of McAllen. Rays birthdate is February 21, 1992 and Marias is December 30, 1994. Ray and Marias earnings are reported on the following Forms W-2: Ray and Maria have interest income as reported on the following 1099-INT: In addition, they own U.S. Savings bonds (Series EE). The bonds had a value of $10,000 on January 1, 2020, and their value is $10,700 on December 31, 2020. They have not made an election with respect to these bonds. Ray has an ex-wife named Judy Gomez. Pursuant to their January 27, 2015 divorce decree, Ray pays her $450 per month in alimony. All payments were made on time in 2020. Judys Social Security number is 566-74-8765. During 2020, 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 of 2020, Marias father died. Under a life insurance policy owned and paid for by her father, Maria was paid death benefits of $25,000. She used $7,800 to cover a portion of the funeral costs for her father. Maria bought a Texas lottery ticket on impulse during 2020. Her ticket was lucky and she won $4,432. The winning amount was paid to Maria in November 2020, with no income tax withheld. Palm Oil Corporation provides Ray with a company car to drive while he is working. The Corporation spent $5,000 to maintain this vehicle during 2020. Ray never uses the car for personal purposes. Ray and Maria received a $2,400 EIP in 2020. Required: Complete the Gomezs federal tax return for 2020 on Form 1040 and Schedule 1
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