I'd say that if you multi-task, acknowledge multi-tasking (which is at that moment on top of both breath and thoughts), let it go, and return to the breath. And see what happens in the next moment.
Perhaps when you multi-task, there is also a reason underneath that (avoiding some difficult feelings or pain, ambition to meditate "well", avoidance of boredom or tiredness) which you can become aware of (not by analyzing, just by looking), -- then acknowledge that one, let it go, and return to the anchor.
If you are aware of the snippets of mind-movements as they are alternating, acknowledge that awareness, and perhaps any induced reaction (liking, disliking, fascination, thoughts, comparison), let it go, and return to your anchor (breath).