. Thursday, September 25, 1980 I •;•:. ' !■ m f]B |m KB * IB| BS 'IIImI; 1 !’ ,j * h. j^SSP^- : *ot jgjKjjfl - BP l Mm / # jP ; ?Mm BUsi! • hw JHr / Sl<-- ; : i *• lip >_ | * 11 Ppfjfl^fli^B' : --\ y| WJM jf £ Jf ,i 4 wmmst w^MMmmmmm^m RECEIVES CERTIFICATE—Brian Davis, left, and Dr. Elmer L. Puryear, chairman of the Government Department of Campbell University, view the award certificate given for Davis’s selection as alternate for the Harry Truman Scholarship Award. Social Security News: Tax Rates ByLeeWalUo Field Representative 115 Million Pay Social Security Taxes: About 115-million workers, their employers, and self-employed people will pay Social Security taxes in 1980. The tax rate for workers and their employers, which applies to the first $25,900 of an individual’s earnings, is 6.13 per cent. For the self-employed, the rate is 8.1 per cent. In future years the amount of earnings subject to tax will rise depending on the increase in average earnings that occurs from one year to the next. A self-employed in dividual-that is, one who engages in a business, trade, or profession receives Social Security credits if he or she has net earnings of at least S4OO a year. (Under an optional method, credits may be earned even if net income is less than that amount.) Since the Social Security benefits eventually received BINGO THURSDAY—B P.M. AT ST. ANN S CATHOLIC CHURCH TWO JACKPOTS s2oo°° EACH 3 Steps In Buying A Home 1. Select The House 2. Get The Cost 3. Come To Us! We’ll talk over the amount of the down payment, insurance, taxes, ctTJ^L, size of the monthly payments and ■aHhj|. the time they will run. We can start to process your application immedi ately and before you know it the ys to a new home will be in your j and. Stop in. j member | EA ifC' the .sjpijfe < FRIENDLY «| j|j||* ] fOLKS f I!P J Edenton Savings & Loan ! Association j k. i h South Broad Street Edenton, N.C. < i i depend on a person’s ear nings over the years, it is important that he or she be credited with all earnings up to the maximum. Collecting Social Security taxes for individuals working in covered em ployment is a relatively simple matter-the taxes are withheld from their wages. With the self-employed, however, this is not possible. They pay their Social Security taxes when they file their federal income tax r eturns. All self-employed persons with net earnings of S4OO or more during the year must file a federal income tax return with the Internal Revenue Service. In some cases, a person may owe Social Security taxes even if there is no income tax obligation. In computing earnings from self-employment, a person starts with gross earnings and then deducts allowable business ex penses. Anyone who has questions concerning the handling of income from self employment for Social Security purposes should contact their local Social Security office. For answers to questions about income taxes, get in touch with any office of the Internal Revenue Service. State Board Approves Contracts GREENSBORO - The State Board of Tran sportation convened Friday morning on the campus of N. C. Agricultural and Technical State University (A&T) and approved 22 contracts for highway improvements affecting 28 counties and nearly 175 miles of roadway. The contracts totaled $6.8- million. In addition the board approved $265,320 in state funds for the purchase of buses and vans and for administrative purposes in 13 areas across North Carolina including the District Health Department in Elizabeth City. The state funding will be matched by $3.2-million in federal funding and $1.3-million in local funding. Another item accepted by the board was a request for a $30,000 transportation development grant. The one-year program will serve as a pilot program to en courage area citizens to use public transportation in Davidson County. The board also authorized the Department of Tran sportation to apply for additional federal funding in the amount of $515,434 and appropriated state mat ching funds totaling $64,429 for rehabilitating the Yancey Railroad in Yancey County. FORBES MOBILE HOMES SALES LARGEST SELECTION OF PARTS AND ACCESSORIES IN NORTHEASTERN NORTH CAROLINA ASK FOR PAUL 1107 NORTH ROAD ST. PHONE: 338-8758 Elizabeth City SCUPPERNONG GRAPES Pick your own at Perry’s Farm. 8:30 - 5:00, Mon. * Sat. - Closed Sun. 40KW TU,c uirr», 915 W. Queen St. | U c ENSE d • Hertford, 5-Mile Y U w IHIo nttlV. Colonial Cottage bonded = Granny’s Attic BRING THIS COUPON! 482-468017 South PRECIOUS METAL 482-8663 HM will pay an extra $5.00 „ dealers J thurs.-fri.-sat. I paige & hunk quinn H • pgm . thought we’d be at about this time.”. Gregory pointed out that Lake had an over whelming response to his (Lake’s) debate with the governor. “We got unbelievable support-over 600 phone calls that night after the debate and another 200 the next day,” according to Gregory. “The momentum has picked up tremendously and we believe it will peak at just the right time,” he concluded. When questioned about why it seemed Lake had been unable to garner the attention that most ob servers assume is critical to victory, Gregory suggested the gubernatorial suc cession amendment is at least partly to blame. “No way we can get the press and the coverage that an incumbent can get,” he said. It was suggested to Greogry that perhaps the Lake campaign was not pursuing the press coverage as vigoriously as the Hunt' campaign. “We had five news con ferences the day after the debate - one in Charlotte, in Greensboro, Ahseville, Gastonia, and then back in Raleigh,” Gregory responded. All five of those con ferences centered around the debate of the night before. Meanwhile, Hunt only two days after the debate, held one of six “issue con ferences” scheduled for the duration of the campaign. That first conference set forth Hunt’s priorities for North Carolina public schools in the 1980 s. According to Hunt press spokeswoman Stephanie Bass, other “issue con ferences” can be expected to focus on crime in North Carolina, economic development (this week’s), energy, agriculture, and problems of the aging. “We will probably make a formal statement on transportation as well,” said Bass. “Does that mean the governor is going to come out for a tax hike on, gasoline?” Bass was asked. “Not necessarily,” she replied, “but obviously the Applications Being Taken For Theater Arts Grants N.C. Theatre Arts, tne section of the Department of Cultural Resources that provides funding and technical assistance to the professional theatres in North Carolina, is now accepting applications for its fall granting period, according to Director Judy Barringer. The deadline for receipt of grant applications is 5 P.M. on Wednesday, Oct. 15. Professional theatres incorporated in North Carolina as non-profit and tax exempt are eligible to apply to Theatre Arts for financial support. In ad dition to paying salaries to a substantial number of their employees, theatres must also meet other criteria. Complete information and CARPENTRyX HOME AND/ SREPAIRS /•Interior, Exterior •Trim «Mantels ,/Hand Carved Doors »Custom Trailer •REASONABLE RATES M. G. Collins I 221-8325 Page 7-B governor will have to look at that as one means of solving the problem.” That acceptance of hard governmental questions that are certain to be a bitter pill for voters seems indicative of campaign tactics of Lake and Hunt. Hunt talking government and spending priorities. Lake talking Hunt. copies of the granting guidelines may be obtained by contacting N.C. Theatre Arts, Department of Cultural Resources, Raleigh, N.C. 27611, or by calling (919 ) 733-2111. In addition to providing direct grant-in-aid funds to the professional theatres, Theatre Arts also provides technical assistance in the form of free consultants, management and fund raising seminars by national specialists in the field and scholarships-mini grants to enable the theatre managers to attend national management programs All grant applications are reviewed by a statewide citizens advisory board. Funds are provided through the N.C. General Assembly.