?ion Baptist Church in Mt. Airy installs Carlton Rucker as new pastor ? TK* ! - - * ? ' iiiv luouuiauuil service ior the Rev. Carlton Rucker Sr. was held at Zion Baptist Church in Mount Airy, N.C., Feb. 23. Rucker began preaching in Mount Airy in March 1996; he was accepted as pastor of the church in August of that year. Before he became pastor of Zion Baptist, he was an associ ate pastor at New Jerusalem Baptist Church in Winston Salem, under the Rev. Samuel J. Cornelius. Rucker was born in Mocksville, N.C., to Mamie and Bishop Rucker. He is mar ried to the former Pauline 0. McDaniel, and they have eight -u the Kev. Carlton Rucker Sr. children. He attended Davie County Training School, and later, Piedmont Bible College. Rucker served as a deacon at New Light Baptist Church and began his ministry while at the church. He is retired from R.J. Reynolds Tobacco Company in Winston-Salem. Since accepting the pastor ship of Zion Baptist Church in Mount Airy, he has started two nursing home ministries. Mr. and Mrs. Rucker were escorted into the church Feb. 23 by Pearl Singletary and Andy Temoney. Call to wor ship was given by the Rev. J.R. Rudd, pastor of Oak Spring Baptist Church and the moder ator of the High Point Educational and Missionary Baptist Association. Rudd was also the presiding pastor for the J installation service. Scriptiny was read by Jones. The prayer was given by the Rev. J^. Walker, pastor of Jones Chapel Baptist Church. The welcome was given by Rachel Carter. The Honorable Emily Taylor gave the welcome address to the Ruckers on behalf of the City of Mount Airy. Rucker's history was read by Arlee Gwyn, the presenting of flow ers was by Helen Thompson. The presenting of gifts was by Betty Barr and Roxie Rucker. The Church keys were given by Joe C. Pilson and Roxie Rucker; Deacon James Russell Gwyn escorted the new pastor to his new puipit. The charge to the minister was by the Rev. Leake. The charge of the church was by Walker. Also present to give words of encouragement to the new pastor and his wife as Alderman Vivian Burke of Winston-Salem. Special guest church was New Jerusalem Baptist Church, where the Rev. Rucker had served as an associate pastor. The Rev. Samuel J. Cornelius delivered the installation ser mon. Accompanying him was the male chorus from his church. The spiritual choir also ii ? sang songs. Before the afternoon ser vice began, the visitors were provided with a luncheon which had been prepared by the members of Zion Baptist Church. TIm Triad SIn?Im Um Where Single* Become Couplet Every Day! 727-1166 ?FREE Local Call ?FREE Voice Mail Box ? Listen for FREE Serving Winston-Salem,Greensboro, High Point Area 1001 S. Marshall St., Suite 43, WS, NC 27101 =s=a Frequently Asked Questions at Tax Time Reducing the "tax bite" is a ; year-round concern for most ; Americans ? but it takes on J heightened focus at tax return ; (preparation time. The follow ; |ing is a roundup of answers to '/frequently asked tax-related ; questions that may be of inter est to you as an investor. Please .note that the information con tained in this "Q&A" does not constitute tax advice. Be sure ? to consult your tax adviser before implementing any tax '? related investment strategy. Q: As a retiree, what can I do with the lump-sum distribu I tion I received from my employer plan on retirement? A: A lump-sum distribution on retirement may be available , for a rollover to an Individual Retirement Account (IRA) or : may qualify for special tax treatment such as five- and 10 year forward averaging. L Please note that five- or 10 ? year forward averaging is avail ' able only to recipients who I were plan participants for at I least five years prior to the year of distribution. Income avcrag 1 ing may be utilized only once in a lifetime. To qualify, the ' individual must have attained 2 i.*. *v- _ * _ lit ? * ao f | age ju prior ro Jan. 1, iyoo. > Other individuals are eligible for five-year averaging, but ;only after attaining age 59-and . a-half. (Five-year averaging iwill be repealed for distribu tions after 1999.) | Distributions from employ > er qualified pension plans are ? now generally subject to a . mandatory 20 percent with \ holding tax if the funds are not directly rolled over into an IRA or to another employer's quali fied retirement plan. This 20 percent withholding tax does not apply to IRA or SEP-IRA (Simplified Employee Pension Plan) distributions. Q. How often can I borrow i from my IRA account and roll over funds? ? A. You're allowed to take a distribution from your IRA account and repay the funds within a 60-day period withbut any income tax consequenbes. . This may be done only once in ; a 12-month period from the ydnte of the withdrawal. Q. May I borrow from my ''?retirement account? *, A. If your employer's plan permits it, a loan to a plan par ticipant will be treated as a * loan and not as a taxable distri I | v- ? ? 'I:'* ???".- J bution if the term of the loan is no longer than five years (except for home loans) and the amount of the loan does not exceed $50,000 or one-half of the present value of the employee's non-forfeitable accrued benefit, whichever is less. However, plans may per mit up to $10,000 to be bor rowed even if it is more than one-half the present value of the employee's non-forfeitable accrued benefit. (Special limi tations apply to sole propri etors, 10 percent partners and 5 percent S-corporation share holder employees.) Q. May I make an IRA contribution after I file my tax return with an extension? A. IRA contributions for the previous year must be made no later than April IS of the following year ? with no extensions. *-v ttn 4. ? 4.1 i* ? a A y. wnai is me uiviuenu exclusion for corporations, and what dividends qualify? A. A 0 corporation is enti tled to a special deduction of 70 percent from gross income for dividends received from a domestic corporation that is subject to income tax. The divi dend-received deduction applies to both common and preferred stock. Q. Does an S corporation qualify for the dividend received exclusion? A. An S corporation does not qualify for the dividend received deduction. Only a C corporation (i.e., one that files a Form 1120 U.S. Income Tax Return) qualifies for this deduction. Q. I want to make a gift to my child. What is the "Kiddie Tax"? A. Under the "Kiddie Tax," the unearned income of a minor child ? such as interest income, dividend income and capital gains ? is taxed as fol lows: For children under 14 years of age : 1) Annual income up to $650 is tax free. 2) Annual income between $650 and $1,300 is taxed at the child's rate, 15 percent (the lowest individual income tax rate). 3) Any income over $1,300 annually is taxed at the par ents' tax bracket. INVESTMENT NOTES By Michael J. Robinson For children over 14 years of age: 1) Annual income up to $650 is tax free. 2) Annual income over $650 is taxed at the child's rate. Gifts to children are usual ly made under the Uniform Gifts to Minors Act or Uniform Transfers to Minors Act to achieve investment flexibility. (Gifts made under these acts are irrevocable.) Q. What are the tax rules regarding gifting? A. The gift tax annual exclusion is $10,000 per calen dar year per donee. Any gift above the $10,000 will be off set by the unified credit against gift and estate tax. If and when those additional gifts exceed $600,000, the donor will pay gift tax. This article does not con stitute tax advice. Investors should consult their individual tax advisers before making any tax-related investment deci sions. Information and data in this article were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giv ing of the same is not to be deemed a solicitation on Dean Witter's part with respect to the purchase or sale of securities or commodities. For additional information, please write care of Michael J. Robinson, Dean Witter Reynolds Inc. 380 Knollwood St., Suite 500 Winston Salem, NC 27103. (Michael J. Robinson is vice president of investments at Dean Witter Reynolds Inc.) NOTICE OF PUBLIC HEARING CITY OF WINSTON-SALEM The Board of Aldermen will consider proposals to amend the City of Winston-Salem Zoning Ordinance as shown below: DATE: March 24. 1997 TIME: 7:30 PM PLACE. Board Q< Aldermen Chamber, City Hall a) Proposal of JDL Castle Corporation to amend Chapter B Zoning Ordinance of the UDO to amend Section 2-5.62 School, Private and Section 2-5.63 School, Public regarding the lot area (campus size) for these schools - UDO-23. b) Proposal of JDL Castle Corporation to amend certain sections of the UDO as follows: Chapter A Definitions Ordinance, Article II - Definitions regarding a new definition for Charter Schools; Chapter B zoning Ordinance, Section 2-5 - Use Conditions regarding new regulations for Charter Schools - UDO-24. Prior to the hearing, interested persons may obtain any additional information which is in the possession of the City/County Planning Board in that office at City Hall on weekdays, 8:00 a.m. to 5:00 p.m. Interested citizens will be given an opportunity to be heard. All requests for appropriate and necessary auxiliary aids and ser vices must be made, within a reasonable time prior to the hear ing, to Angela I. Carmon, the City's ADA Coordinator, at 727 2056 or TDD 727-8319. THIS MEETING WILL BE BROADCAST LIVE ON CITY TV-13. |i Loris R. Colclough, Assistant Secretary l| "There's much more to health care than promoting wellness and caring for the sick. I really believe that a 'joyful heart is good medicine.'" Wynde Goins, PA-C A graduate of the Bowman Gray physician assistant program, Ms. Goins believes that health care should treat the complete patient, not just the illness. Her philosophy promotes a comprehensive approach to medicine. A ? / 1/VH P Family /irV|S Health x ivwlu centers /jfjjS Ah Affiliate of Bowma# Gray/Baptist I loapital Medical Center http://www.bgsm.edu/Aegis/ AEGIS FAMILY HEALTH CENTERS? PINE RIDGE FAMILY PRACTICE 7990 North Point Blvd. Winston-Salem, N.C. "I try to minister to the needs of the whole person in partner ship with the patient so as to achieve and maintain wellness in body, mind and spirit." Bruce Lantelme, M.D. Dr. Lantelme, a board-certified family practitioner, believes that health maintenance should address each individual's physi cal, psychosocial and spiritual dimensions. He is currently accepting new patients. UMi j Trip to Atlantic City I May 9, 10, 11 1997 3 days and 2 nights of fun and winning Depart Winston-Salem 2am on May 9, 1997 1 ?? ? 3 days and 2 mgnts lodging Bonuses to play at Casino ( Bus ride to and from Atlantic City Prize drawing enroute $50.00 bill to the lucky ticket holjjj Return approximately 9pm on May 11, 1997 ^11 this for only $190.00 per person, must have a $50.00 deposit by Wtotoft-Sateai (9M) 777-0834 , HK (9io) wSps d^^^OjundaMJnless Trip IS C|jpJted. * \

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