PAGE 2 THE TRIBUNAL AID Xan IBbpics/^^ WEDNESDAY, FEBRUARY 6, 1974 Continental Feat 'if you want anything just tell me an r'LL SHOW YOU howto do without it/ ^ neccmber U.5..Tre^ SING NATIONAL ANTHEM—ATLANTA, Mayor Elect Maynard Jackson stands beside Judge Luther Alverson (R) as the two sing the National Anthem during the office Inauguration of Atlanta’s first Black Mayor. In the background the unidentified person conducts the Atlanta Symphony Orchestra. Some 5,000 guests attended the gala show at the Civic Center her. A&T Students Dowdy Assist Elderly GREENSBORO, N.C. - Mathematics and business majors at A&T State University will use some of the class experiences to help make the income tax filing less of a burden for low income residents and the aged. The students and their instructor, Mrs. T. E. Bradford, will provide free assistance for those groups for both federal and state forms. The service will end on April 15. "We have received a YA Dividends To Hit Record $308.8 Million thoroughly enjoy rendering this service for the community." D j j State University told new Mrs. Bradford reported , „ GREENSBORO, N.C.- The chancellor of A&T members of the Board of ■ ’ Governors Thursday that a with student ,, , , , faculty development plan initiated in 1967, has just about been completed. Dr. Lewis Dowdy made the remarks shortly after I lie board members had spent time touring the A&T that more than 200 returns were filed assistance last year. She said student assis tance will be available at 1328 E. Market Street, Guilford County Head Start Office (same office as last year), in the College Shopping Center, Wednes- days 6pm-9pm. Ti,„ , goal of liavmg 50 perccnt 1 he tree service will also . ■In 1967 had set be available in Merrick Hall oil campus doctorates on our faculty by 1975,” said Dowdy. "At tremendous response to from 6 this kind of service during Tuesdays and Thursdays Mondays , . , , that time we had 26 perccnt p.m.. and , , , . . the past three years," said Mrs. Bradford, who teaches the class in mathematics of business and finance, "The students from 10 a.m. to 2 p.m. Persons interested in the . . service are asked to call the Department of Mathema tics at 379-7822. fHIIT'S R FACT QOfCM stRy/iee! FASTEST SERVICE EVER RECORDED WAS Michael SANesTER's AT 194 M.PH./ O THB PISAPPBAWNO ACT! YOUH /ICNEY GOES m&T BETWEEN PAY PAYS UNLESS) TUEKB & A NEST E0& BUILPIN6 TO take CAKE OF THAT KiMOUS KAINY PAy iWmCH AiWA'^ seEtts ro COME!) a scop way to 6TAST yO(M nest B&O &SOWIN& IS wmn^vtou savinss plan 70 BUY i/.S. SAVIN^ B0NP6. ooooo RAPID TRANSIT! FAOTEST RAPIDS EVER TO BE MASTEREP ABE 1XE LAVA FALLS ON THE COLORADO ElVER. A SPEED OF 30 M.RH, is ATTAINED WITH WAVES REACHIN6 A HEISHT OF 12 FEET.' V-A Comer ATTENTION: Veteran*, Did yon know — Within 15 years after discharge, veterans may apply to a Board of Review with authority to change, correct, or modify any discharge or dismissal from service that was NOT the result of a general court - martial and to direct issuance of a new discharge. Former service members who received undesirable disdiarges based solely on (b-ug use or possession drugs for personal use have the opportunity to have these discharges reviewed for possible rediaracterizatlon to an “under honorable conditions" discharge. If the disdiarge is recharacterized by the ^ard of Review, such Individuals may avail themselves of drug abuse medical treatment now of fered by the VA In applying for a re^ew of discharge, the veteran or, If deceas^, his surviving spouse, next of kin, or legal representative^ should write to the MlUtary Department concerned on Department of Defense Form DD-293, which may be ob tained at any VA o^ce. doctorates, and today we have 43.3 percent docto rates. We are within of our goal. Dowdy said A&T has received national accredita tion for four of its programs since it received its last regional accreditation by the Southern Association. These, he said, were for the School of Engineering, School of Nursing, and departments of business, sociology and social welfare and cliemistry. He told the board of governcM's that A&T's goal in the immediate future is to seek full national accreditation for the School of Business and Economics and the teacher training program. Dowdy told the board that immediate needs of the university include a social science building, a pre school laboratory building, a new administration build ing and an adult education building. dloms-'^^a SPRING wi PREVIEW Our New Collection 112 East Washington St. A record $308.8 million in Veterans Administration insurance dividends w ill be paid to nearly 3.9 million veterans insured under World Wars I and II government life insurance policies, starting this month. 161,300 veterans arc insur H.W. Johnson, Director ed for $685.4 million of the Winston-Salem VA Regional .Office, said in creased dividends result chiefly from higher interest earnings in the National Service Life Insurance (World War II NSLI) and United States Government Life Insurance (World War I USGLI) funds. ‘‘Veterans expecting checks need not contact Va concerning dividends since they will be paid autiimati- cally on anniversary dates of policies," Johnson stressed. Dividend payments will continue throughout 1974 (on policy anniversary dales) on "participating" NSLI policies with "V" - prefixed policy numbers, and USGLI policies with "K" in front of numbers. Some 3.75 million vete rans with NSLI policies will receive a total if $282.3 niillivdi, averaging $75 per policy. About 138,000 USGLI policyholders will gel $21.5 million in dividends, averaging $156 per policy. Johnson said that divi dends for 915.000 veterans holding NSLI will be applied to purchase of addiiioiial ciwerage. These \eicrans previously elected to buy paid-up insurance with I heir dividends. Lasi year, VA declared $297 million in insurance di\ideiids. also a record, which were paid to approxiniaicly 3.8 million \cierans. NSLI policyhold ers received an average dixideiid of $72, compared lo $142 for USGLI policv- li.'ldcrs. ,1 ihnsoiiy explained iliat di\ idends vary from a few This column of questions and answers on federal tax matters is provided by the local oflfice of the U. . Internal Revenue Service and is published as a pub ic service to taxpayers. The column answers questions most frequently asked by taxpayers. Income Tax,” Publication 17, may be purchased for $1.00 if picked up at IRS offices or many post offices throughout the country. If you wish to order a copy by mail from the Government Printing Office in Washington, D.C., the price is $1.25 postpaid. Q. What are the rules for de ducting finance charges on de partment store revolving charge accounts? A. You may deduct the “finance charge” levied by retail stores on your revolving charge ac counts if the charges are based on your unpaid balances and computed monthly. Also, in the case of bank credit card plans, you can deduct the finance charge if no part of this amount is for service charges, loan fees, credit investigation fees, etc. However, if you buy items on the installment plan and the carrying charges are sepa rately stated, but the interest charge cannot be ascertained, deduct the lower of (1) 6 per cent of your average unpaid monthly balance or (2) the actual charge for the year. For more details, see IRS Publica tion 545, “Income Tax Deduc tion for Interest Expense.'’ Use the order blank on the back of your 1040 tax forms package to obtain a free copy. Q. I filed my return the first week in January. When will I Q. My wife and I file a joint re turn. We disagree about check ing off tax dollars to the Presi dential Election Campaign Fund. Can she check off a dol lar, even though I do not? A. Yes. When filing a joint re turn, one spouse may designate SI to the Fund even if the other does not. Or together you may designate a total of $2 or choose not to designate any thing. Remember, if you did not check off on your 1972 return, you can still do so on your 1973 return for 1972 as well as for 1973. Q. In return for a good rate of interest, 1 agreed to leave several thousand dollars in my bank account for two years. I earned $300 in interest from this time-deposit account. But because I withdrew the prin cipal before the two years expired, the bank forfeited a portion of the interest. Can I deduct the forfeited amount of interest on my tax return? dollars to several hundred yes. For individual taxpay- dollars, depending on plan grg itemizing their deductions, of policy, amount of policy, such amounts are deductible age of t‘he insured and age ^ ^ miscellaneous deduction “ . ' However, you must report as or policy. income the entire amount of Nearly 4.2 million vete- the interest credited to your rans are carrying $27.3 account, billion worth of NSLI, vvhik' Q. Where can I get a copy of your official income tax guide? A.- A copy of “Your Federal get ray refund? A. If you filed in January and there were no mistakes on your return, you should get your refund in 4 to 5 weeks. If you file later, it may take up to 8 weeks. Q. Can you round off dollars on your Federal income tax re turn? A. Yes, This means that amounts under 50 cents are eliminated and amounts from 50 cents to 99 cents are in creased to the next dollar. If you choose to round off, you must do so consistently with all figures on the return. Q. I pay a baby-sitter to take care of my children while I go to work. Are these amounts de ductible? A. Yes. If you meet the quali fications, you may deduct up to $400 for any calendar month for child care expenses incurred in your home. Expenses for the care of your dependents un der the age of 15, if performed outside your household, are limited for each month to $200 a month for one child; $300 a month for two children; or $400 a mr-^h for three or more children. Your deductible expenses must be reduced by one-half of the amount by which your ad justed gross income exceeds $18,000 for one year. For more details,' see your Form 1040 instructions or write your In ternal Revenue district office for a free copy of IRS Publi cation 503, “Child Care and Disabled Dependent Care.” VA Urg«s Vets To Retgm Forms The Veterans Adniini- veterans drawing pensicm stration urges veterans, based on nonservice- widows and parents lo connected deaths, and promptly return income parents receiving depen- questionnaires received dency and indemnity corn- last November, even pensation for service con- thougli the Januai-y 15 nected deaths of sons and deadline has passed, daughters. ■'Each year, thousands miss the deadline because questionnaires are mis placed, forgotten or losi, causing interruptions or delays of monthly benefits checks, H.W. Johnson, they still must report Directin' of the Winston- changes in income, and Salem VA Regional Office, ,h„sc who were mailed Pensioners 72 years old or older who have been on pension rolls during the last two consecutive years generally are exempt. "But explained. Johnson noted thal 907,000 of the 1.2 niilliui questionnaires mailed were returned lo VA before the deadline. Information from the questionnaires is used to adjust pension benef'iis. Ouestionnaires were local veterans service mailed to veterans on VA organizations, Johnson ad- pcnsion rolls, widov\s of ded. questionnaires must return them," Johnson pointed nil. Information on pension and other benefits is available at VA offices and from representatives of , Getting a tax refund? Why wait? ... file your return now hM ) o i ^ /!7 lA / 0^ /ll // o ... get your * / money sooner. f 1 CO io Internal Revenue Service We finance and service what we sell New And Used Furniture mjii 502 South Elm Street 882-9416 885-4919 (Countrg JHurmturp (Eompang Jnr. Representing over 300 nationally known manufactoring (companies. Everything sold at a discount. Large display of furniture for your shopping pleasure. Four Interior Decorators,To Serve You! COOUDGE MURROW FRED MOON Owner Store Manager STORE HOURS Monday . Tuesday . Wednesdey , Thursday 8:30 a.m. til 6:00 p.m. Friday Saturday' 8:30 a.m. til 9: p.m. g;3o ,ji 5;3q p.m. WE SHIP ANYWHERE ■ KUulJilH J example- Ainouth of Cash Needed 2000.00 2500.00 3000.00 Total Finance Charge (for 36 months) 330.00 412.50 495.00 Total Amount of Loan 2330.00 2912.50 3495.00 Central's Annual Percentage Rate 10.20% 10.20% 10.20% Number of Installments 36 36 36 Monthly Payments 64.72 80.90 97.08 central SAVINGS BANK High Point, N.C. iQO N., Main IN HIGH POINT IT'S BOYLES For lasting elegance, enhance your home with famous names in furniture Evrything sold at a aitcounf. Larg* dhplay of furnHurt for yoor shopping ploasuro. Shop Fridays til 9 • free parking • convenient payments » Intorior Dmeorators To S«rv« Youf Furniture Sales HOUffS: Tvtsdoy fhrough ' 8:30 to 5:30 and Fri- day Evning until 9M f.M. 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