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. CLOSEO
' MONDAYS.
„ ^WOWCATIOKS
ifcL ■ .l m" H* 883-4147
1034 North Main Si. |»h. 882>0519
High Point, N.C.