Newspapers / The Brunswick Beacon (Shallotte, … / April 21, 1994, edition 1 / Page 32
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'Sv' ? ATMC Makes Contribution STAFF PHOTO BY DOUG RUTTER Russell Price, general manager of Atlantic Telephone Membership Corp., presents a $1,000 check to Ruth White, president of Retired School Personnel of Brunswick County. The group is raising money for a college scholarship for a Brunswick County student. Also pictured (from left) are RSPBC mem bers Frances Stone, Gelene Russ and Carol Roycroft. Ronnie Staton was the winner of a $200 shop ping spree given away recently as part of the RSPBC 's fund-raising campaign. The Facts on Tax Withholding; Why You Should Check Yours ^ou wouldn t consider going to the grocery store each week, paying the cashier more than the actual cost of your bill, then asking for a refund at the end of the year. Yet this is what millions of Americans do when it comes to pay ing their tax bills. They allow the government to withhold more taxes than neccssary from their pay checks. and request a refund at tax time. If you are in this group, it's time to check your withholding. The N.C. Association of Certified Public Accountants recommends that employees annually update their Form W-4. Employee's Withholding Allowance Certificate, to ensure that they are having the correct amount of federal income tax withheld from their paychecks. Overpaying the government means money that could be used to build your savings or pay off debt is languishing in the government's coffers without earn ing you a nickel of interest. On the other hand, if you substantially un dcr-withhold, you could facc some stiff financial penalties. The amount of taxes withheld from your salary throughout the year depends on the amount of your wages, your marital status, and' the number of exemptions, the withhold ing allowances you claim and any additional amount of withholding you've requested. You provide this information on Form W-4, which you obtain from your employer. On the Form W-4, you can choose to have your taxes withheld at a single rate or the lower "married" rate. You must claim "single" if you are single, married but legally sepa rated. or if either you or your spouse is a nonresident alien. Married people can claim either the married or single rate. If both you and your spouse work, or, if in addition to wage income, you have income from other sources?such as interest, dividends, alimony, capital gains, or rent?consider having vour taxes withheld at the higher single rate. This will enable you to increase your taxes withheld for purposes of applying it to all your sources of in come. You can also ask your em ployer to withhold an additional amount or claim fewer withholding allowances. You may claim from zero to 10 allowances on Form W-4. The more allowances you claim, the less tax will be withheld from your pay check. To avoid having too much tax withheld, you may want to claim withholding allowance for itemized deductions and credits for which you qualify, such as the credit for the elderly and totally disabled the dependent care credit and the earned income credit (if you have not filed tor an advance payment of the cred When filling out your W-4 form, you may claim exemptions for your self. your spouse and your depen dents. Allowances for exemptions New Nurse Aides Join Supply Office Juanita B. Sharp lind Lora Ann Brown have joined Comprehensive Home Health Care's Supply office as Nurse Aides I. Sharp received her training at Autumn Care of Shallotte and has been a nurse aide tor more than two years. She and her husband Walter M. Sharp live in Lo/igwood. Brown also trained at Autumn Care and lives in Ash with her hus band Clifton S. Brown and their two children. correspond to the exemptions al lowed on your tax return. In addition, you may be eligible for a special withholding exemption. If you are unmarried and have only one employer or are a married per son who has one employer and your spouse is not employed, you may claim this exemption. You also have the option of filing exempt from withholding. Gener ally, you can claim exempt from withholding if you had no income tax liability in 1993 and expect none this year. When To Change If you are subject to the new tax law changes, such as limitations on deductions for business entertaining, you may need to adjust your with holding. So too should taxpayers who have had increases in adjusted gross income that result in the phase out of their itemized deductions or personal exemptions. If you have recently experienced or expect changes in your personal life, such as a marriage or divorce, or the birth of a child, you should al so consider changing the amount of taxes that are withheld from your paycheck. Be aware, too, that if the number of allowances to which you are entitled decreases for any reason, you must file a new W-4 form with your employer within 10 days. CPAs point out you must be cer tain that the amount of taxes with held from your salary plus estimated tax payments equal 90 percent of your 1994 income tax or 100 per cent (110 percent for some upper in come taxpayers) of the taxes you owed in 1993. Money Management is a weekly column on personal finance pre pared and distributed by the North Carolina Association of Certified Pubic Accountants. Survival, Quality Topics For Small Business Owners Survival of a new business and total quality management for busi nesses that serve vacationers are the focus of two seminars offered this month by the Small Business Center at Brunswick Community College. Brian Hamilton will present "Small Business Success Kit" Thursday, April 21, from 6:30 p.m. to 9:30 p.m. He will advise partici pants on the hottest business ideas for the '90s, offer 30 survival and growth strategies and tips on cutting costs without sacrificing quality. On Thursday, April 28, from 6:30 p.m. to 9:30 p.m. Renee Uhl will discuss total quality management for businesses serving a tourist clien tele, touching on principles impor tant to all businesses. Customer satisfaction, reliability, productivity and profitability are af fected by the quality of an organiza tion's products, services and perfor mance, she says. For more information about the seminars or to pre-register, contact the Small Business Center at 754 6900, 457-6329 or 343-0203, Ext. 389. Look No More. Competitive Rates, Affordable Mortgages At NationsBank. As part of NationsBank Corporation, NationsBanc Mortgage Corporation has the power to offer you a competitive rate and flexible terms that could improve your financial situation and enhance your lifestyle. So whether you're hunting fur your first home or your tenth, or just thinking of refinancing, look no more. Call the professionals at NationsBank lor service and support throughout the mortgage process. We have a convenient Sunset Beach office to serve you. Call today: ?Y' v Tamala Grimes Account Executive Seaside Plaza Shopping Center Highway 179/904 Intersection Sunset Beach, NC 910-579-3550 NationsBank NationsBanc Mortgage Corporation NatumsRa/u- Mortww (iirptimtum ix a Xatmnalitink Corpomtum ( hm/xitiy t2) Hqiial llouxinff Irrulrr ? / HfKi NationsBank Corporation. i i r t i ? j u CHRYSLER, PLYMOUTH DODGE, JEEP, EAGLE, Inc IN SHALLOTTE NEW 1994 JEEP GRAND CHEROKEE Four Wheel Drive, Laredo Decor Package, Automatic Transmission, 5.2 Litre V-8 Engine, Trailer Towing Prep Group, Dual Heated Mirrors, Fog Lamps, Power Windows and Locks, Keyless Entry, Electric Mirrors, Sunscreen Glass, AM/FM Cass. Stereo, Tilt and Cruise Plus Much Morel LEASE PAYMENT ONLY *349.38 per mo. for 30 mo.* $302.49 for 60 mo. NEW 1994 DODGE INTREPID Absolutely Loaded, AM/FM Cass. Stereo, Automatic Transmission, Dual Air Bags, 3.3 Litre Eng. V-6, Rear Spoiler, Power Door Locks and Steering. LEASE PAYMENT ONLY $278.86 per mo. for 30 mo.* $231.77 for 60 mo. NEW 1994 DODGE CARAVAN 7 Passenger Seating, Fully Equipped, Sunscreen Glass, V-6 Engine, Automatic Transmission. |U K' f ? LEASE PAYMENT ONLY *249.44 per mo. for 30 mo.* $216.09 for 60 mo. NEW 1994 CHRYSLER LEBARON CONVERTIBLE GTC Power Seats, Automatic Transmission, Power Windows, Locks and Tops, V-6 Engine, Dual Air Bags and Much More. LEASE PAYMENT ONLY $27954 per mo. for 30 mo.* $256.04 for 60 mo. NEW 1994 EAGLE SUMMIT Air Condition, Driver's Air Bag, AM/FM Stereo LEASE PAYMENT ONLY $19987 per mo. for 30 mo. w/226 pkg) $27,474 (NY w/268 pkg) and $30.676 (LHS w/26 pkg) minut dtaler partopetior ot $1,000 (Concord*), $2,050 (NY) or $2,485 (LHS). Tfle. tu. te i raur exsa Up front down 12,680 (Concord*). $3,600 (NY), $3,700 (LHS) 1st mos pymt. retundaCle dopoat ot $300 (Concord*). $325 (NY). $375 (LHS). Total of pymts: $6.456 (Concord*), $7,056 (NY), $7,696 (LhS) Pay lor acta w*ar and l?ar, t5(Ani oar 24,000 < $275 dspcci I), $2,050 (NY) or $2,485 (LHS). T*e. tax. Ic & naur una Up front down pyimt ot ^$3.600 " .896 (UA . (K whde returned at endolletm) Otter ends 5/31/94 Dealer pros vary Option to buy at la*** *nd at pre-aet price Concord* wh**li ahown, o0oml LEASE PAYMENT ONLY $293 per mo. for 24 mo. *Disclaimer-30 month lease, 10% down cash or trade. Tax and tags extra. Pre-approved cred it approval. 1st payment plus security deposit down. 12,000 miles per year. Bring Competitor's Coupon and Use It As Cash Down** or: rmffssr ?* ? ? ? ? ? ? mm mmm amam COUJJ5"| I $30000 j coupon Good toward the purchase of any vehicle coupon! Expires 4-27-94 - I "Emit ?H>500 competitors coupon First Class Used Cars N298A 1992 Cadillac Sedan Deville, Leather, New Tires, Loaded $18,950 N268B 1993 Dodge Dynasty, Green Teal, Super Nice $11,950 B154 1994 Chrysler New Yorker, Loaded With Options $21,450 N259A 1990 Nissan Maxima GXE, Beige Leather, 40,000 Miles $10,450 B189A 1990 Mazda RX-7, Convertible, CD Cass., Leather, Auto $15,950 B297B 1993 Plymouth Grand Voyager SE, Loaded, With Options $15,450 N208A 1990 Chevrolet Silverado, Super Truck $10,250 B205B 1993 Eagle Summitt, A Steal At $6,450 Many More To Choose From eiWM IMC BRUNSWICK BLACON Business 17, North of Wal-Mart and Across from Joe's BBQ in Shallotte 754-2811 or 1-800-754-2811 Wouldn't You Rather Do Business With A NABER?
The Brunswick Beacon (Shallotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
April 21, 1994, edition 1
32
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