Comprehensive Problem $2-2$A

Ray and Maria Gomez have been married for eight years. Ray is an oil rig maintenance supervisor for Palm Oil Corporation and Maria works as a cashier for Lowes. Ray$$s birthdate is February $21,1989,$ and Maria$$s is December $30,1991.$ Ray and Maria have a $9-$year$-$old son named Jaime Gomez, born on $3/22/2013($Social Security number $721-34-1134).$ Ray and Maria$$s earnings are reported each of their W$-2$ Form $($see separate tab$).$

Ray took advantage of his employer$-$provided dependent care assistance program on a small number of days when Jaime was sick and unable to go to school. The value of dependent care assistance was $$600.$

Once each week, Ray is required to work at the site of the oil drilling rig for a $24-$hour period to provide on$-$call maintenance on the rig. On those days, Palm Oil requires Ray to stay in an apartment building that sits on the oil rig site. Because different maintenance workers stay each night, the building has a cook and dining room that prepares meals for the crew. All crew members must take their meals in the dining room when staying the night. The value of the lodging provided to Ray is $$6,000$ and the value of the meals provided to Ray is $$750.$

Maria frequently takes advantage of the $10-$percent employee discount on merchandise from Lowes. The discount is available to all employees of Lowes and the company still makes a small profit on the items after the discount. Maria estimates her employee discounts in $2022$ total $$780.$

Ray and Maria have investment income from a money market account and U$.$S$.$ Treasury bonds as reported on the attached Form $1099-$INT and brokerage statement $($see attached tab$).$

Ray has an ex$-$wife named Judy Gomez. Pursuant to their January $27,2016$ divorce decree, Ray pays her $$200$ per month in alimony. All payments were made on time in $2022.$ Judy's Social Security number is $566-74-8765.$

During $2022,$ 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 $2022,$ Maria's 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 $2022.$ Her ticket was lucky and she won $$1,000.$ The winning amount was paid to Maria in November $2022,$ with no income tax withheld.

Maria is pursuing a Masters of Business Administration from McAllen State University. Lowes operates an employee assistance plan that she takes full advantage of$.$ She is also the beneficiary of the $$1,000$ Lowes Adult Learner Scholarship. All of the scholarship is used to pay for tuition and books.

Ray and Maria are eligible for a $$2,000$ child tax credit in $2022.$

Required:

Complete the Gomez's federal tax return for $2022$ on Form $1040,$ Schedule B$,$ and Schedule $1.$ Form $8812$ for the child tax credit does not need to be completed. The Gomez's had health care coverage the entire year. They do not want to make a contribution to the presidential election campaign. Make any other realistic assumptions about any missing data. If an amount box does not require an entry or the amount is zero, enter $"0".$ Enter amounts as positive numbers. If required, round amounts to the nearest dollar.