Newspapers / The Tryon Daily Bulletin … / Feb. 4, 1981, edition 1 / Page 2
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Tryon Daily Bulletin, Wed., Feb. 1. 1981 New Board Members Hospice of Polk County has elected new board members, from left, Mrs. Franklin Yeilig, James Ambrose. Richard Weiss. Mrs. James Flack and Gen. Harry Evans, not shown. With IRS tax exemptions assured, the photo by Allan Boas Polk unit is targeted to go operational in May. administering to the terminally ill. Read The Bulletin For Local News Relax on your deck from this two bedroom home and overlook your 3.5 acres after you plant your garden and put your beef cow in the pasture. Owners thought of everything: walk-in pantry for canned vegetables from the garden, newly constructed family room with fireplace to conserve energy and enjoy during winter months. Only 3 minutes from Columbus. $59,000.00 (MLS No. 401) TOWN & COUNTRY- KNOBLOCK REALTY P O Box 906-937 S Trade Tryon, N C 28782 704-859 5806 704 859-6206 Cxcxtsszs^zsusrsxcs^sx^cs^xc^xcxffis^cajcxc^cx, 1 Tax Tip DIVIDENDS AND INTEREST Question: My savings account of 510.000 earned just over 5650 in interest last year. I did not withdraw any of the interest nor did I have the bank enter the 5650 in my savings account passbook. Do I have to pay tax on the interest? Answer: Yes The fact that interest is not actually removed from the savings account or entered in a passbook, will not render the interest nontaxable. The doctrine of “constructive receipt" requires that both cash and accrual basis taxpayers report any income credited or made available without restriction during the year Interest is considered constructively received as it is earned, not when withdrawn or entered in a passbook. — Another service of H & R Block, the Income Tax People. Overeaters Meet Overeaters will meet Thursday at 5 p m. at the Tryon Pentecostal Holiness Church. FOR SALE: Chrome Dinette Table with six chairs. Call 894- 8991. adv. 4.6.c. FOR RENT in LANDRIM: Attractive studio garden apart ment available for single person or couple. References required Call 457-2768. adv. 4,5,6,c. Can America Afford Less? We Say — No! Why Settle For Less? AMERICA Is The Best! All Together — we will make it! TRYON FEDERAL IS WORKING FOR YOU CURRENTLY OFFERING PASSBOOK ACOUNTS Minimum Deposit $5.00 Rate 5.50% Compounded daily EFFECTIVE ANNUAL YIELD § 65% THIRTY MONTH CD'S Minimum Deposit $500.00 Rate Feb. 5 — 18 Compounded daily EFFECTIVE ANNUAL YIELD SIX MONTH (182 days) CD’S Minimum Deposit $10,000.00 Rate Feb.5—11 (Interest does not compound) 13.985% ACCOUNTS INSURED UPTO$100,000.00 By FSLIC (Substantial penalty for early withdrawal of certificate accounts) For your convenience — use our Night Depository Tryon Federal Savings and Loan Association P. O. Box 970, Tryon, N. C. 28782 Telephone: 859-9141
The Tryon Daily Bulletin (Tryon, N.C.)
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Feb. 4, 1981, edition 1
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