Newspapers / The Chowan Herald (Edenton, … / Dec. 24, 1981, edition 1 / Page 5
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Thuraday„December 24, 1961 Jordans Adopt A Son Mr. and Mrs. Thomas Jacob Jordan of Elizabeth City announce the adoption of their son, Wesley Thomas Jordan. SPECIAL INTRODUCTORY PRE - CHRISTMAS Cold Ten* Chain* • Reg. 2.9 s ■ New 1.30 i. I- Wonderful Puzzled Cube* 2 For 3.30 i'.jj (Whllu Supply LotH) " I - Register For Choice Os i Free T-Shirt*, Cap Or Jewelry f-. (No Purchase Necessary ) , 4.’ —r— Wostorn Hal Pins - T-Shirts - LoHorlng “-t-* a I Rock Os 1.00 T-Shirts fi *** 8 Names Put On Stocking* j 1 Aft | Herman's T-Shirts & Lettering Located Across From Zip Mart Next To Bus Station NOTICE TO BUSINESS PEOPLE - IF YOU THROW THIS IN THE TRASH CAN, THEN YOU SHOULD PUT THE TRASH CAN IN YOUR SAFE Sub/eet Economic Recovery Act, 1981 Dear Business Ladies and Gentlemen, Congress’s attempt to aid the auto industry provides an additional incentive for new car buyers. The new tax law allows a deduction on your 1961 tax return of 25 per cent of the cost for a business car bought any time during 1981. You can deduct another 33 per cent of the cost in 1982 and the remaining 37 per cent in 1983. Unlike the pre-1981 rules, the useful life of the car is immaterial. Assume for example that in December of 1981, you buy a car for $16,000. In accordance with past practice, you expect to use the car for five years in your business as a salesperson, self-employed, etc. When you file your 1981 tax return, you can take a depreciation allowance of $4,000 as well as an in vestment credit of $960 (6 per cent of $16,000). Under prior law, your credit would have been only about half as much (3V4 per cent, assuming a useful life of three years). You may still 'take the entire 25 per cent depreciation and 6 per cent Tax Credit for 1981 even though-the car is purchased In December 1981. To obtain these benefits, businesses are required to retain ownership for a minimum amount of time. Refer to tax counsel for advice concerning recap ture rules under the 1981 Tax Laws. The 1981 Tax Law benefits make this an excellent time to purchase your new vehicles. We would welcome the opportunity to meet with you to show you our fine products and to discuss purchase arrangements. “We Appreciate Your Business” VISIT THE HOME OF THE *GM* GIANT rnlini/rMoroß corp. JAI HI 111 ■* BENTON 482-8421 § vLHUHLn* Broad St Ext. FISH MARKET Th ET CETERA N N Dick and Mary Jo Schroeder rv N and Family Wishing You And Yours N V 4 A MERRY CHRISTMAS W | HOLIDAY SCHEDULE AND SPECIALS] N V 1 Thur*. Christmas Eva Opan Braakfast 7:3040:30 K \\ and LUNCH ONLY 11:30*2:30 k vj Frl. Christmas Day Cfosad r\ M Sat Day AT sr Christmas Opan Far Lunch 11:00-2:00 rO raY and Evaning Dinnar 5:00-9:00 Vj Vu Sun. Claaad M AO SATURDAY EVENING DEC 26 LET US DO THE COOKIHO k) MH Vj Includss Frias. Cot** law. or Gird on Salad 8 Btvsrag* Golden Fried Chicken 3.95 yH vr JL Baked Virginia Ham 430 JS TuW Grilled Pork chops 475 UJ Petite Top Sirloin Sleek 5.95 T VrTV Thank You For Your Patronaga Maternal grandparent is Mrs. WiUie West of Edenton. Paternal grandparent is Mrs. Fernando Jordan of Tyner. Recreation Report Men’s Basketball Entry Fee: All men’s basketball teams should have their entry fee for the 1982 season turned in to the recreation department by Monday, December 28 at 5:15 P.M. Any team who does not have an entry fee turned in by this date will not participate in next year’s league. Ladies Exercise Class: Recreation department will sponsor a ladies exer cise class on Wednesday mornings from 9:00 to 10:45 A. M. Classes begin January 6. Registration will be taken prior to January 6 at the recreation department office. The fee for the course is $5.00. Elizabeth Zarbock will be the instructor for this ten week course. Call the recreation department at 482-8595 or come by the office for more information. Youth Basketball: Teams for the youth basketball league are being chosen this week. Games will begin the first week in January, coaches are still needed. Call the recreation center if you will be in terested in coaching. Baseball and Football Uniforms: There are still sixteen uniforms which have not been turned into the recreation department. If you have one of these uniforms please turn it in to the office to avoid being billed. Committee Meeting Set GREENVILLE The Chancellor Selection Committee of East Carolina University will meet in routine session at 11 A.M. Monday, Dec. 21, at the Willis Building at ECU, chairman Ashley B. Futrell announced. The 15 member com mittee is beginning its process of screening ap plications which have been reviewed by sub committees. A Dec. 15 deadline was set earlier for receiving nominations for a new chancellor to succeed resigning chancellor Thomas B. Brewer. The selection committee has also published criteria it will use in screening candidates and making recom mendations. ECU trustees, alumni, faculty a student representative and the general public are represented on the selection committee. Futrell indicated the committee will be holding frequent meetings during the next several months. Rest Easy f* With Sleep-Ezei. j > The gentle ingredient in S' J Sleep F.ae helps you get 1/ a good night's sleep, and 1 II wake up refreshed Use 1 as directed THE CHOWAN HERALD Feds Drop Telephone Tax Rate TARBORO - The Federal Telephone Excise Tax will drop from 2 per cent to I per cent on January 1, which means that Carolina Telephone customers will save approximately $2.5- million on their telephone bills in 1982, according to T. P. Williamson, the com pany’s vice president administration. At 2 per cent, the com pany’s customers paid out approximately $5-million in excise tax in 1981. In an annual process set in motion by the U. S. Congress several years ago, the tax has been declining by 1 per cent each January. Due to changes in federal legislation, the excise tax has remained at 2 per cent - 9:30 AM TIL 9 PM It //IIPV Christmas Eve - 9:30 AM TIL 7PM ore - Christmas sale & clearance TjCsJrcA M#jnS Reg-#OO Ssl* 7.88 n , L. itienne Aignerwrap coat I a. ... Archdaie I lie reneCi WirW W| 111 brand, your kind of savings /Vli P*- „ JEfl \ (k Wf I ■ Theyre cut roomy and comfortable Coal ■m|V| ► fir a JR oio> S*Qrw’i.f • tvmjiirwiy M/. is $145 ft " style sMtti notch collar CuffetJ bottoms have II 4 I \ m a _ covered elastic krai wersiband Easy care Christmas ffOPfe Hstrass- quHy slstpwssr: LX jP , # pstsmes at «aam sMngs Sim 37 tow \ J^^ "Charge It" I t\ Assorted Wicker Items! OOt AQBB OO to Can Opener/ special purchase! Knife Sharpener! Choose from fins, baskets, eases. \ 1 $ I £^BB planters, clothes hampers, shelves, and [ t J | more. Many sizes and shapes. You can \ ggjgg^laM find the ones just right for your needs Can °P ener made to handle tall Hurry in soon for the best selections. * I cans to clean- R ... ..... ..., ‘ I THERMAL S Entire Stock \ Band UNDERWEkR Mi,., *3£ GOWNS /TV \ \ SM 88 sizm s,«, l^xl' 00 20% Off SKIRTS S7BB % Ret H7 to *23 CAI ET # A « Balanced for easy use and stability. War _ .Sizes Petite, S.M, L, XL. ° /rffijL mg* Deluxe Mixer comes with conve- J r rsiiii" a Tr-mrs h II JTTIBt a nient oush button beater elector for One Group ' ~ OWtAItKO J|H ]|S ] e as.er cleaning. Model HMG-1 Ladies Quilted / Ladies S %if\ SIT lUIr ROBES Footed Flannel IU I O I / *l4“ P tT S I Gif'* I Ai* * sCoBe ,A_. m# sssson is th* rssson for lit. ’’Wt »■ I C* pratty hsnd-smocSsd drassss tfi i> \X \ Reg. 21.00 Size S, M, L Eve sfCIvIVCkd JffjL Dram AAA colors dsri'v placed sir-ockaa st.tchmg afl BbS nccenlM «'tr- t'"* PjOS did ,lk-4 t'"WT.ng 7 ffc .1.11 L Aseorted Patterns J " cr, ✓ I mitlmo F.ivvy S 9 f Rsg. 20.00 Sirs. 7-14 BEDROOM Lsdles Strstch >s SALE! _ ' I SHOES PANTIES Hat & [tine Group i X i 1 .-'vto 'T> SKBB A7t Scarf Crew Nefk \ l ° 9/ efts SWEATERS Assorted Colors R«a2oo jgss > /» 5 i6 88 *.7 'tt 1 ■' B«ilfc-TylM- rawrtracdw. / fi Hat. feBa»:3OAMTn9PM^» n 3“ for the past two years. The levy is now scheduled to remain at 1 per January 1, 1985. The estimated difference between what telephone customers would have paid at the 2 per cent rate and what they will actually pay at the new 1 per cent level makes up the tax rate savings for consumers. With the price of telephone service tending upward due to Federal Communications Commission mandated competition and inflation, the savings at l per cent in 1982 may be greater than the estimated $2.5-illion. Some sll6-million of the total $516-million saved nationwide will be saved by customers of the nation’s 1,500 Independent telephone companies, according to estimates by the U. S. In dependent Telephone Association. The remainder of the savings - some S4OO - - will go to Bell System customers. The Independent companies serve more than 36-million telephones - one of every five in the country. Congress first imposed the excise tax during World War I as a “temporary” measure. It was repealed briefly after the war, but was reinstituted during the Depression. It has continued ever since. Rates have ranged as high as 15 per cent on local service and 25 per cent on long distance calls. The tax stood at 10 per cent from 1954 to 1972. EARN AN EXTRA SI2OO A YEAN AND LEARN AN EXTRA SKILL You’ll earn over $ 1.200 a year by training in one of hundreds of skills in the Army Reserve You tram at an Army post and use that skill one weekend a month plus two weeks a year You'll earn even more if your part-time skill turns into a better-paying fall rime career Call your Army Reserve Representative, in the Yellow Pages under “Recruiting." .<R ■p r ARMY RESERVE. BEAU.YOUCAHBE. Page 5-A
The Chowan Herald (Edenton, N.C.)
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Dec. 24, 1981, edition 1
5
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