Newspapers / The News-Record (Marshall, N.C.) / Jan. 2, 1969, edition 1 / Page 6
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: -V ,j o lYcur Social Security o p : V QUESTIONS, sncl Field RepretenUtiT ' "Vv . iJf.,sV- , .. . x ka 'il,.' ." ckl. Security tax deductions Iran, our pay will increas beginning In. .Jsjrtuwry'lWS. TfrilJ y lei, plain wbai the Increase will be and how, it will affect rar take-home pay. Also maybe you can give us some idea of what it will mean to us in increased Social Security protection. 1 A. Starting with the first pay checks you receive in January, the employe-employer tax contribution rate will increase from 4.4 to 4.8 percent. (The 4.8 will include 4.2 percent for retirement survivors and disability insurance, and .6 percent for hospital insurance.) In other words, the employe-employer tax contribution rate will go up by 410 of one percent on 2 cents on each $5 of earnings on the first $7800 of your yearly wages. (The contribution rate for self-employed people will increase by 510 of one percent from 6.4 to 6.9 percent on the first $7800 of covered self-employment income.) y :'i '' Thess new tax rotes for Aha nlnwwt m.nA h lf-amiIoved ara dheduledTT'-''" continusltawgflv j Suppose,' for example, you asm. . t, wsjms of. about 178 a, ,wek in 1968, or $3900 during : tine JW, You 4en paid aWit $30 wbak lit' social security taxes:' 'But be rinnJiur in 1969 you will pay about $3.60 a week, or 30 cents mora. Or. suppose your wages averag ed about $100 a week in 1968, or $5200 for the year. Your social security tax contribution was a bout $4.40 a week. On similar earnings hi 1969 you. will pay a bout $4.80 a week, or 40 cento more. If you made about $160 a week in 1968, or $7800 for the year you paid about $6.60 a week in so cial security taxes. In 1969 you will pay about 60 cents more per week. Of course, some workers earned considerably more than $7800 in 1968, and for these workers the social security tax deductions stopped well before the end of the year. Early in 1969 the tax de ductions will start again, at the new rate, and will again stop when the earnings reach $7800 during the year. The value of the protection you ara providing through your social security tax contributions ' is e'2 hif tcantly greater for you and your family"" because of tits changes made, to the , law last year, includ ing the $&f. scalded 't tax jdia-; ductloianitihJy QNs1v;.ettnV nn urvivc, and diaabCity ben efits were' Increased; 6 sf least 13 percent for Syeryone. The JncrWsa bv benefits payable to workers and their families in the future wiQ be even greater. y,-,' ' EXAMPLE: A worker became 60 years old in 1968, and earns $7800 or more s year until age 66. As suming he had max imum credita ble earnings in earlier years, un der the "new' law he will be el igible for a monthly retirement benefit of $188.80 at age 66, or. nearly 22 percent more than he would have received under the "old law." EXAMPLE: 9 worker has bad maximum earnings for social se ourity purposes since 1961, and was 33 years old in 1968. Should' he become disabled at age 40 in 1975, after earning $7800 or more, every year from 1968 on he may qualify for a monthly disability benefit of $192. If he has a wife and two children they may re ceive an additional '206.40, for a total family payment of $398.40 a month. llcy Gentry, C3, K. i-.a.Of Coantyy v Iried Wednesday.", A ( " V ;y -r fl'j, - Boy Gentry, 63,irf JR.ty Alexstt derfcjdledi;at ;1Q not, ,Msay,; December' 50, 1968 at hia borne sl-i bar brief illness. H vmm farmer,' s native of Madison County and had lived iri Buncombe County for the past 26 years; . Surviving are the widow, Mrs. Susie Bishop Gentry; a daughter, Mrs. Velma Beck of Asheville; a son, Roy C. Gentry of Camden, S. C; three suiters, Mrs. Lizzie Franklin of Marshall Rt. 3, and Mra. Mollie Franklin and Mrs. Paul Ocsnell, both of Greeneville, .Tenn.; a brother, Starling Gentry of Marshall Rt. 3; and three, grandchildren. Services were held at 2:30 p. m., Wednesday in Mountain View free Will Baptist Church. The Rev. Coy Parham officiat ed. Burial was in the church cem etery. Bowman-Duckett Funeral Home was in charge. DIAL - A - PRAYER 649-9231 k v v v y i Jan. 1 f Spring Creek bxwas , Jfc JMsrs HW yearns Jan. 14 i Rosman - wway 'i ' Jan, 11 Hot Spring -r wwt Jan. 24 Spring Creek away Jan. 80 'Mari H1U way ' Feb. 4 Ho Spring! sway; Gams timet 7:00 p. m. Mars Hill College Home Basketball Games Jan. 17 Wofford Jan. 18 Pieabyterian Jan. 24 Newberry Jan. 25 Erskine Feb. 6 MiUigan Feb. 11 King Feb. 22 Maryville CSih ANNIVERSARY ". . ALL PURPOSE 3-in-orjroiL Oils Everything Prevents Rust SECULAR' OIL SPRAT ELECTRIC MOTOR A PLE1 E com: NEWSPAPER fcrr isssd jrou go further than the pages of your home newspaper to find cm-r -t rjjwcpper CJVUsU of local end national events or foi entertaining comics and reo:?' ! Each week we carry complete local news coverage as well as terse comment on eaiss and feature articles by America's foremost artists and writers. h.'f OUR FEATURE DEPARTMENTS As a part of our continuous efforts to give you the best possible paper, we are including Informative and entertaining features by leading Americas artists, authors and newspapermen each week. Read them and enjov them n a part of your home paper. They a e luimn.tiiy known and the best in their line. SEND IN A NEW OR RENEWAL SUBSCRIPTION mi'J DO NOT MISS A SINGLE ISSUE NEWS OF LOCAL HAPPENINGS CrCa - Uarriafes Parties Visitors 7aiffiiftmira Ghric Meetings Qubs School tlmtm 6le and transfer of property New cr raoorlelfil businesses Deaths Editorial t I" for all dvic improvements 3 aad mudi more makes up our local each week. SUBSCRIPTION BLANK for mm mnj mttt m aabtcrlptton. New '- "'isW'" V'ist. period 1 v. CMsA i .i i i j i . -g'j.tf!ntf -fsw Tffl i n i mi 'in ' i it "" ... .... ,' - -.',,.-' -. I - ' , ' u,,i- V SEND SAMPLE C0Nt: .... i Sees use I fed that the foflowinj persons will rr w'rtmril in i . subscribing to their home paper. I herewith submit their mme "1 i f ; I , .-: .. -:. .. address, aad ask that you send them sample, copies f'jrl o.upie weeks. v v . . ' ; I L - T- i , . t "'I ' ! " "7 Winw i i iii mi" . , i. ,Nams.., ..,'',, ., , Addrns , . ,' , ' , , ,., Address- ,, ,,- : 1 - v' f -''- " -''t ' ' . .: .':-.: - 'k";,. ;- ' . SBBMMMMSBSMBMBBBSiBSBSSSSiMBBaSBBBSBHBartlBMHBtanMaNSHBaBW : ! ! Mr. and Mrs. Joseph Chapel Ballard observed tiheir 64th wdding anniversary Jan. 1 with friends and) relatives at Hiefe home on Salem Rowdy Weaverville. Ballard, a retired carpenter, married th fonmer Laura Ellen Buckner in 1905 in Madison County. The Ballairds have 77 direct dtescendants, most of them living in Western North Carolina. These include 28 grandchil dren, 36 groat-grandchildren and five great-great-grandchildren. Mr. and Mrs. Ballard had thiree sons and six daughters. They are Alvin B. Ballard of Weaverville; Albert Ballard, Weaverville; Ernest Ballard, deceased; Mrs. C. D. Herron, Canton; Mra. George Cornwell, Waynesrville; Mrs. Clarence Echols, Michigan; Mrs. Carl Bartlett, Weaverville; Mire. Harold Gudger, Asheville, and Mrs. Bob Shuford, Charlotte. Cut courtesy Asheville Citizen-Times A 1969 LICENSE PLATES ON SALE HERE TODAY Local Office, Lower Bridge Street, Schedule Is Given The application cards necessary for obtaining 1969 license plates were consigned to the Post Office on December 18. The Department of Motor Vehicles officials expects this huge mailing, estimated to be of more than 3,214,000 cards, to be delivered by January 1. The now reftectorized green and, white plates will go on sale throughout the State on January 2. The 1968 plates expire on De cember 31 and their use beyond that date is permissible only if they are duly registered by the Department to the vehicle on which display is made. Owners who have their vehicles properly registered by the Department have1 until February 15 to obtain new plates. Surrounding area residents may obtain plates at the local office on Bridge Street. Office hours will be from 9:00 a. m., to 5:00 p. m., Monday through Friday, and 9:00 s. to. to 12 noon on Saturday. The office will be closed from 1:00 p. m., to 2:00" p. m., daily for lunch, hour. The local license agent, Mrs. Margaret Ramsey points out that "to renew a license plate you must have a renewal card" and cautions against the misplacing of it when it is (received. She also asks you to open the envelope, read the in structions and complete me appli cation before presenting it for a new plate. This will expedite is suance and keep lines from form ing. The Department of Motor Ve hicles has made arrangements with the Post Office in Marshall to turn over to the local license of fice renewal cards which the Post Office has been unable to deliver. Anyone faffing to receive so ap plication card may possibly find it at the local license office. "K will take from ten days to two weeks to get application cards from the Department of Motor Vehicles in Raleigh," says Mrs. Ramsey, and she suggests that those who have not received an application apply to her office as early as possible so that there will be time to get one out of Raleigh if she does not have it." ml TOP VALUE j STAMPS $ I "f- 1 if,". 4 ' All Roads Lead To Woodfin Coal & Fuel Company 1050 Riverside Drive Asheville, N. C. Premium Grade Stoker or Lump . i . " . " ' (Loaded on Yard) -. l;co;;o:.iy g::adz coal ': Vt.. "(Lf , ' C i YrJ) ' 1 f ' ' 1 ' " Ci-t it' ' r tr I- r ' i'.'i'ij r .
The News-Record (Marshall, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 2, 1969, edition 1
6
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