Ray and Maria Gomez have been married for 3 years. Ray is a propane salesman for
ID: 2339695 • Letter: R
Question
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. Ray’s birthdate is February 21, 1989 and Marie’s is December 30, 1991. Ray and Maria each received a W-2 from their respective employers.
Ray and Maria have interest income from McAllen State Bank which is reported a 1099-INT form. In addition, they own U.S. Savings bonds (Series EE). The bonds had a value of $10,000 on January 1, 2017, and their value is $10,700 on December 31, 2017. 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 2017. Judy's Social Security number is 566-74-8765.
During 2017, 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 2017, 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 2017. Her ticket was lucky and she won $3,800. The winning amount was paid to Maria in November 2017, 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 2017. Ray never uses the car for personal purposes.
nd Maria Gomez have been married for 3 years. Ray is a propane salesman Oil Corporation and Maria works as a city clerk for the City of McAllen. Ray's for 2A. Ray a Palm hirthdate is February 21, 1989 and Marie's is December 30, 1991. Ray and Maria's earn- g Form W-2s: ings are reported on the followin Visit the IRS website at www.irs.govlefile yee's social security number Safe, accurate, 469-21-5523 OMB No. 1545-0008 FASTI Use efile 1 Wages, tips, other compensation ederal income tax withheld 30,206.00 30,206.00 30,206.00 4,060.00 al security tax withheld 1,872.77 21-7654321 c Employer's name, address, and ZiP code 3 Social security wages Palm Oil Corp 11134 E. Pecan Blvd. McAllen, TX 78501 5 Medicare wages and tips 6 Medicare tax withheld 437.99 7 Social security tips 8 Allocated tips 9 Verification code 10 Dependent care benefits d Control number Suff 1 Nonqualified plans e Employee's first name and initial Last name Ray Gomez 1610 Quince Avenue McAllen, TX 78701 12a See instructions for box 12 12b plan sick pay 14 Other 12c 12d f Employee's address and ZIP code 15 State Employer's state ID number 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, etc. 19 Local income tax 20 Locality TX L. Fm W-2 Statement TaX 2017 Department of the Treasury-Internal Revenue Service FomStatement Copy B-To Be Filed With Employee's FEDERAL Tax Return. This information is being furnished to the Internal Revenue Service. a Employee's social security number FAST!User ate, CME sefile ite 444-65-9912OMB No. 1545-0008 FAST! Use 50008 www.irs.govlefile b Employer identification number (EIN) Wages, tips, other compensation ederal income tax withheld 23-4444321 Employer's name, address, and ZIP code City of McAllen 1300 W. Houston Avenue McAllen, TX 78501 32,295.00 32,295.00 32,295.00 4,990.00 4 Social security tax withheld 2,002.29 cial sécurity wages 5 Medicare wages and tips 6 Medicare tax withheld 468.28 7 Social security tips 8 Allocated tipsExplanation / Answer
Form 1040 Department of the Treasury––Internal Revenue Service (99) 2017 U.S. Individual Income Tax Return OMB No. 1545-0074 IRS Use Only—Do not write or staple in this space. For the year Jan. 1--Dec. 31, 2017, or other tax year beginning ,2017, ending See separate instructions. Your first name and initial Last name Your social security number Ray Gomez 469-21-5523 If joint return, spouse's name & initial Last name Spouse's social security number Maria Gomez 444-65-9912 Home address (number and street). If you have a P.O. box, see instructions. Apt. no. Make sure the SSN(s) above and on line 6c are correct. 1610 Quince avenue City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions). Presidential Election Campaign Mc allen TX 78701 Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change your tax or Foreign country name Foreign province/state/county Foreign postal code refund. You Spouse Filing Status 1 Single 4 Head of household (with qualifying person). (See instructions.) 2 x Married filing joint return (even if only one had income) If the qualifying person is a child but not your dependent, enter Check only one 3 Married filing separate return. Enter spouse's SSN above this child’s name here. box. and full name here. 5 Qualifying widow(er) (see instructions) Income 7 Wages, salaries, tips, etc. Attach Form(s) W-2 . . . . . . . . . 7 62,501 8 a Taxable interest. Attach Schedule B if required. . . . . . . . . . . . . . . . . . . . . . . . . . . . 8a 652 Attach Form(s) b Tax-exempt interest. Do not include on line 8a . . . . . . . . . 8b 0 W-2 here. Also 9 a Ordinary dividends. Attach Schedule B if required. . . . . . . . . . . . . . . . . . . . . . . . . . . . 9a 0 attach Forms b Qualified dividends . . . . . . . . . . . . . . . . . . . . . . 9b 0 W-2G and 10 Taxable refunds, credits, or offsets of state and local income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 1099-R if tax 11 Alimony received . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 was withheld. 12 Business income or (loss). Attach Schedule C or C-EZ. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 132,297 13 Capital gain or (loss). Attach Schedule D if required. If not required, check here. #### 13 If you did not 14 Other gains or (losses). Attach Form 4797 . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 get a W-2, 15 a IRA distributions 15a 0 b Taxable amount . . . . . 15b 0 see instructions. 16 a Pensions and annuities 16a 25,000 b Taxable amount . . . . . 16b 0 17 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E. 17 0 18 Farm income or (loss). Attach Schedule F. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 0 19 Unemployment compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 20 a Social security benefits 20a (4,732) b Taxable amount . . . . . . . 20b (4,022) 21 Other income. List type and amount. 21 0 22 Combine the amounts in the far right column for lines 7 through 21. This is your total income 22 191,428 23 Educator expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Adjusted 24 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 or 2106-EZ 24 Gross 25 Health savings account deduction. Attach Form 8889 . . . . . . . . . . 25 0 Income 26 Moving expenses. Attach Form 3903 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 27 Deductible part of self-employment tax. Attach Schedule SE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 0 28 Self-employed SEP, SIMPLE, and qualified plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 29 Self-employed health insurance deduction . . . . . . . . . . . . 29 30 Penalty on early withdrawal of savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 0 31 a Alimony paid b Recipient's SSN 566-74-8765 31a 5,400 32 IRA deduction . . . . . . . . . . . . . . . . . . 32 0 33 Student loan interest deduction . . . . . . . . . . . . . . . 33 34 Tuition and fees. Attach Form 8917 . . . . . . . . . . . . . . . 34 35 Domestic production activities deduction. Attach Form 8903 35 36 Add lines 23 through 35 . . . . . . . . . . . . . . . 36 5,400 37 Subtract line 36 from line 22. This is your adjusted gross income. . . . . . 37 186,028 Tax and 38 Amount from line 37 (adjusted gross income) 0 0 0 0 38 186,028 Credits 39 a Check You were born before January 2, 1953 Blind. Total boxes 0 Standard if: Spouse was born before January 2, 1953 Blind. checked 39a Deduction for -- b If your spouse itemizes on a separate return or you were a dual-status alien, check here 39b • People who check any box on line 39a or 39b or who can be claimed as a dependent, see instructions. 40 Itemized deductions (from Schedule A) or your standard deduction (see left margin) . . . . . 40 12,700 41 Subtract line 40 from line 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 173,328 42 Exemptions. If line 38 is $156,900 or less, multiply $4,050 by number on line 6d. Otherwise, see instructions. 42 8,100 43 Taxable income. Subtract line 42 from line 41. If line 42 is more than line 41, enter -0- . . . . . . 43 165,228 44 Tax (see instructions). Check if any tax is from: a Form(s) 8814 b Form 4972 c 44 33,148 45 Alternative minimum tax (see instructions). Attach Form 6251 . . . . . . . . . . . . . . . . 45 0 46 Excess advance premium tax credit repayment. Attach Form 8962 . . . . . . . . . . . . . . . 46 • All others: 47 Add lines 44, 45, and 46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 33,148 Single or Married filing separately, 48 Foreign tax credit. Attach Form 1116 if required . . . . . . . . 48 0 49 Credit for child and dependent care expenses. Attach Form 2441 . . . . 49 0 $6,350 50 Education credits from Form 8863, line 19 . . . . . . . . . . 50 Married filing jointly or qualifying widow(er) 51 Retirement savings contributions credit. Attach Form 8880. . . . 51 52 Child tax credit. Attach Schedule 8812, if required . . . . . . . . 52 0 $12,700 53 Residential energy credits. Attach Form 5695 . . . . . . . . . . 53 Head of household 54 Other credits from Form: a 3800 b 8801 c 54 55 Add lines 48 through 54. These are your total credits . . . . . . . . . . . . . . . . . . . . . 55 0 $9,350 56 Subtract line 55 from line 47. If line 55 is more than line 47, enter -0 - . . . . . . . . . . . . 56 33,148 Payments 64 Federal income tax withheld from Forms W-2 and 1099 . . . . . . 64 9,050 Amount 78 Amount you owe. Subtract line 74 from line 63. For details on how to pay, see instructions 78 24,098 You Owe 79 Estimated tax penalty (see instructions) . . . . . . . . . . 79 0
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