6
Piedmont
Labonte finishes 7th; winnings top $600,000
Terry Labonte and the Piedmont
Racing Team didn’t repeat as
Winston Cup Grand National
Champions this year, but they
accomphshed some important
goals that put them in excellent
shape for the 1986 season:
• They set a new team record
for race earnings: $601,850—
almost $200,000 more than
in 1984 and the fourth high
est total among this year’s
teams.
• They repeated as winners of
the Budweiser 400 in River
side, Calif., ensuring that the
team is part of the 1986 Win
ners Circle program that pays
labonte
PieoiTim
appearance money for enter
ing Winston Cup races, and
earning them a position in
The Winston challenge race.
• They won three poles, equal
ing the number of pole posi
tions they held last year, and
qualified again for the pres
tigious Busch Clash in
Daytona Beach that kicks off
the new racing season each
year. (Labonte won the 1985
Busch Clash with a dramatic
surge to the front on the first
lap.)
Labonte entered all 28 Grand
National Races and was one of just
eight drivers to have more than 15
top-ten finishes. He ended the
season seventh in the Winston
Cup points race and second in the
Unocal 76 Winners Point Fund
standings.
The team and its familiar
Piedmont-blue No. 44 Monte Carlo
almost finished the season with
another win at Riverside in
November. Labonte broke the track
record for the pole position at the
Winston Western 500, led most of
the race and finished just two car
lengths behind winner Ricky
Rudd.
It was an excellent ending to a
season that was better than all but
six of the top 50 Grand Nationail
drivers. And with the Busch Clash
and a new season just two months
away, Labonte emd the team are
poised for another fine year.
Lxibonte
January 15 is deadline
For deolining IRA plan
Supplemetal Retirement Plan/IRA
Designation Forms have been mailed
to all Plan participants who have had
payroll deductions to the Plan
through November 30, 1985. These
forms should be returned to the
Employee Benefits Office by January
15, 1986, provided that you do not
wish to have an IRA through this Plan
for the 1985 plan year or you are
planning to make a lump sum contri
bution in January 1986 for the entire
amount of your IRA up to the allow
able maximum of $2,000.
For your convenience, a worksheet
has been included with your form
which should assist you in determin
ing the amount that you will have
contributed by December 31, 1985 to
the Plan. If you still have questions
concerning the amount that you have
available for an IRA from your
monthly contributions to the Plan, or
if you have other questions concern
ing the Plan, please call the Employee
Benefits Office, extension 5524.
Remember to return the IRA Desig
nation Form by January 15 should
you desire not to have an IRA estab
lished with monthly payroll deduc
tions to the Plan for 1985.
The Supplemental Retirement/
IRA Plan Committee is pleased
to announce that the guaran
teed interest rate for 1986
contributions to the Piedmont
Supplemental/IRA Plan is
10.07 percent. In comparison to
other investment opportunities,
this is a very favorable rate of
return on your investment. The
blended rate for pre-1986
contributions will be approxi
mately 11.84 percent during
1986.
LABONTE’S 1985 STATISTICS*
Earnings $601,850 (4th place)
Winston Cup points 3,683 (7th place)
Unocal 76 competition 2nd place
race
start
finish
winnings
reason/laps
Busch Clash
11
WON
$65,000
running/20
Daytona 500
31
25
18,735
clutch/154
Miller High Life 400
9
9
11,665
running/399
Carolina 500
POLE
3
23,310
running/492
Coca-Cola 500
23
6
16,225
running/327
Valleydale 500
4
3
16,625
running/498
TYanSouth 500
3
4
17,105
running/366
Northwestern Bank 400
2
7
10,735
running/399
Sovran Bank 500
15
6
11,900
running/498
Winston 500
3
7
20,100
running/185
Budweiser 500
POLE
16
14,050
engine/437
The Winston
POLE
3
60.000
running/70
World 600
18
5
24,000
running/398
Budweiser 400
2
WON
39,200
running/95
Van Scoy Diamond Mines 500
6
28
11,510
engine/109
Miller 400
2
22
11.875
running/195
Pepsi Firecracker 400
4
8
16,550
running/159
Summer 500
5
26
11.620
running/186
Tklladega 500
9
39
11,555
accident/24
Champion Spark Plug 400
20
9
14.900
running/199
Busch 500
7
29
9,090
engine/165
Southern 500
9
7
15,500
running/365
Wrangler Sanforset 400
4
2
23,850
running/400
Delaware 500
2
24
11.550
engine/313
Goody's 500
4
27
9,755
engine/117
Holly Farms 400
6
3
15,860
running/400
Miller 500
15
33
11,060
engine/163
Atlanta Journal 500
4
6
15,025
running/327
Winston Western 500
• through November 18, 1985
POLE
2
38,375
running/119
Your money
Changes made to W-2 Form
In January, you will receive your W-2 form. Be sure to read it carefully
because several changes have been made in both the form and the way
you report your income.
The 1985 W-2 forms will be presealed prior to being printed to keep
your personal information more confidential and to reduce costs to your
company. In addition, several items that formerly were issued on separate
W-2 forms will be combined onto one form. Because of this change, be
sure to follow the instructions below to correctly report wages on your
income tax return.
Emoioye’s name aoo'esj •"a ZiP coOe
1
Calendar
7 Advance ElC ps»meni
W-2 Wage and Tax Statement
11 Social sf^cu'iiy T31 «tiinne>0
13 Social security wages
FLT Crew Exa
ff)
Uniform ATJ._
G)
Pension oijn cove'jgf’ 'ei'No
Life Insiju:
14 Social secu'iiy 'rpi
Employe* 5 futne jodress
Sijie 01 local
Siaie 0' locji in laitnneig
The FICA rale Of 7 OS % includes 1 T S % fof hospdal insurance Denettts ana S 7 0 v. and disability 1
1 ' • ^ j. . j , ! \j insurance 1
Four types of payments may be reported on your W-2 form. They are:
1. regular wages
2. flight crew expense checks
3. uniform allowances
4. life insurance premiums paid by Piedmont that are taxable
income
To determine the wage amount you should put on your tax return, add
these four items. All four items have been totaled in our report to the
Internal Revenue Service. Not all blocks apply to all employees, so if one
or more of the four blocks on your form is empty, just ignore that empty
block.
You will not receive a separate W-2 form this year for flight crew
expenses. However, if Piedmont has paid any moving expenses on your
behalf or if you receive long term or temporary disability benefits, you will
receive a separate form covering these expenses.