Newspapers / The Waynesville Mountaineer (Waynesville, … / Feb. 11, 1954, edition 1 / Page 18
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. ', ,,j- * ^ Where You DON'T Pay a Tax (Third of Six Articles) By FRANK O'BRIEN AP Newsfeatures WASHINGTON ? You do not have to pay income tax on all the money you earn. The law provides deductions for expenses and exemptions of $tKN) earl) fur most persons, including yourself, who live off jour income. Together, they are a h^nd of nonlaxed living allowance. dMWtt There are two kinds of deduc tions. First, there are business ex penses You take most, but not always all of these out of your income to ii' d your adjusted gross income. Second come personal de ductions wihch you subtract from your adjusted gross income to find your net income. tThen you sub tract your exemptions to find your n"t taxable income .) Business Expense ' There are three main kinds of business expense. 1. You may deduct all the "ordinarv and necessary" expens es of any business you operate, or of your trade or profession. You ' report them on a special form call- 1 ed "Schedule C" which you can get from post office or bank. Then you summarize them on Page 2. Form 1040. 2. An employe may deduct cost of meals and lodgings when he is away from home on his employ er's business, but not unless he : stays overnight. He can also de duct business transport costs whether he stays overnight or not. although this does not usually in- j elude going to and from work. There is a technical gimmick in putting such expense* on the tax form. You must add to your income what your employer re paid you for such expenses. Then you deduct the actual expenses whether more or less than what was repaid. 3. Other expenses like jour nals. magazines and business en tertainment costs may be deduct ed to the extent that your em ployer pays them back to you. Of they are not paid back they may be deducted as personal expenses.) , The add and subtract rules ap- i ply here as with transport costs, i v fth this difference: You may de- i duct from your income only the s amount repaid to you. not more. In addition you ca? deduct ex penses connected with property from which you get rent and capi tal losses up to $1,000, except ttiat a loss in selling your home does not count. It is not deductible. You can make all such deduc tions and still use short Form 1040. Then come the personal deduc tions. Itemized Expense On Page 3 of Form 1040 are listed six headings under which personal expenses ean be itemized You can ignore itemization and take the standard 10 per cent. But that is limited to $500 for married people who file separately and SI , 500 for others or joint returns. If your itemized personal ex penses are larger than It) per cent you can save money This will add a lew steps in figuring your tax Here are the main authorized personal deduetions; Most nonfederal taxes; fire, storm and theft losses; what you give religious and eharitahln or ganizations: interest payments: medical bills above 5 per cent of your adjusted gross income up to specified limits given in the in structions (if you are over 65 you get all medical costs up to the dollar limits); group hospitaliza tion premiums; alimony or separate maintenance ordered by a court: union dues. Expenses repajd by in surance are not deductible. (Next; Your Exemptions) ? ' ' ? When a modern military leader , is called a "great captain," the \ M figurative use of the title reflects \ W t he great eai'ly-day importance of t the rank. ! The term "forecastle" is a sur vival from early fighting ships vhieh often had castles or towers o aid in the fighting on bow and item. Every Little Girl Wants Her Own Beauty Aids HAPPY VALENTINE'S OAY . . . This little girl was rewarded with her very own lip pomade in a swivel case just like Mom's. It'll keep her lips from chapping and make her feel grown up. By VIVIAN BROWN A I' Newsfeatures Writer Is there a little gil who doesn't dress up in her Mommy's clothes j at any opportunity? Left to her own devices in a household, any tiny girl will rummage ^ through Mom's wardrobe. She'll traipse around in high heels and an ; available fur piece and anything else she can locate in that "big j girl " category from earrings to negligees. One of the delights of the hair-ribbon set is Mom's makeup. Lip stick. rouge, nailpolish and fragrances intrigue a small tot like noth ing else, perhaps. This doesn't always please Mom. even though play ing with cosmetics is likely to keep a small tot out of other mischief. The question sometimes is can Mom afford it? More than one Moth er has found to her horror that daughter's pinafore reeks with the scent of her one and only good bottle of French perfume. Sonic mothers encourage daughter's flight into the world of glamor by supplying her with her very o"wn vanity table charmers. These are gro'uniing items created exclusively for the pleasure of small fry. There are clown soaps, bubble baths, light colognes, candy-scented tooth pastes and dusting powders to please young folk and woo them to good grooming habits. A tiny tot may even be thrown into ecstasy by possessing some thing resembling a lipstick. One firm has a colorless perfume lip pomade that is prepared especially as a chap guard against winds and cold. There are solid colognies in lipstick form that will also fascinate little girls with a yen for feminine fripperies. Wise Moms take the easy way out. She could forbid a youngster to play with these things which are irresistible to here, but how much simpler it is to And a solution that will make a little girl happy. Haywood Veterinarians At State Conference Dr H R Jeter of W^.vnesville and Dr. J. D. Weeks of .Canton at tended the 16th annual confer ence for veterinarians held at N. C. State College in Raleigh last 1 week. featured on the program were outstanding specialists iu all field-, of veterinary medicine. Both Or J etc and Or. Weeks ? ~9> are mejnbt-i tjl- ,, Una Veleiu.ji^ , "r * tlon. H ? Wan' Ad> t?,?, Get a modern truck! 10 to 25 More Horsepower jfff from new (J\1 C's high-compression _ _ engine than AN\ other standard wBrr&*-^ light-duty six?oulfiowers some trucks "" -I Future-Styled with passenger-car smartness for prideful ownership Truck Hydro-Mafic Drive for wtiindicrful case of handling, lower vehicle maintenance, IfiflHTV life and reduced fuel costs * (tpifnal ml turn fat jk L?. ^5 Driver Comfort Unsurpassed in two-toned interiors, three passenger room and luxury details _hydra-matic ' Cnme '? drive 't today at: ^ HOWELL MOTOR CO. HAYWOOD STREET WAYNESVILLE 1 you'll do bottor on a used truck with your CMC . Celebration Values! 1 Blue Lobel Karo 5 lb. tin 55c SYRUP 20c \ ... . Swift's Jewel OIL - - & 30c & 19c i Armour's Star or Libby's . CORNED BEEF - - - 45? Wonderful Flavor! Packers Label \ ORANGE JUICE 2- 45? Crispo Taste Tempting FiO BARS 2 ^ 45c I Ann Page Ann Page J Salad Dressing . 49c French Dressing 8B0o"; 17c i Ann Page Fancy Ann J I omato Ketchup Uf?tz: 19c Blackberry Jelly ??* 29c "SAIL" DETERGENT ? - ? ? & 23c i JANE f ARKgj i Doub Cru;t LEMOl m > iv" 43o ; Spar, Bcr (v 29c Rais n bread l:j; 17c Caramel can pk 33c Valcr t f 59; 1! Ocean Spray 1 Cranberry Sauce ^oz 1 So Can 1 Delicious With Chicken P&G Soap L2?- Kg Bar Strietriian Chocolate Drop ? Cocoa'nut ! Cookies 49c ; 20 Mule Team 1 Borax ft?- 19c Boraxo - 8;??- 19c A&P's "Super-Right" Meats Heavy Western Beef?Chuctc Blade POT ROAST - - - " 39c "Super-Right" Freshly GROUND BEEF - - 35c "Super-Right" Sliced All Meat BOLOGNA - - - - - 39c Fresh Center Cut Rib PORK CHOPS - - - 55c J Fresh Loin End PORK ROAST - ? ?? 45c Fresh Market Style?Pork BACK BONES - - ?? 45c I Cap'n John's?Standard ~ FRESH OYSTERS -as* 79c [ Aillt {'(I'll (flinhlf I STRAWBERIl' preserves: ? 59 75 CHICKEN OF THEi j TUNA Bite Size V* Size OQ* Can 4VV S While Meat I 39c Slav's Strained Foods 3'ff, 29c Lapp's Junior Foods - 6v.? 14c Beef Stew "ss? - - - "s? 30c Tamales - - - - i?r 23c Vel - - - - a 29c p?, 69c Fab - - - - as 29c & 69c Octagon Soap .-r 8c Octagon - - - - & 23c fljax Cleanser - - - 2 Pkgs. 25c Dial Soap 2 a 35c Dial Soap 2 <? 25c Ivory Soap 3 r, 23c Ivory Snow - - - ' " " Pkg. m Tide - - - - & 29c & 69c Cheer - - - a; 29c & 69c Drelt - as 29c ? TRY FINE A P T[ti| | Hearty & Vigorous I 9 OUR OWN TEAS ,p2 47eJ NECTAR TEA ?9 Whole Kernel Golden 9 NIBLET'S CORN - 2 -C Green Giant 9 GREEN PEAS - - - ? 1 Niblet's Brand / 49 MEXICORN - - - - 4 Green Giant 9 CREAM CORN ? - 2 :j LUCK'S BRAND BEAM! All Varieties with Pork Jk 0fM Pinto Beans No. 303 T f ? Great North 111 Large Limas ^-ar* I J B lackeyed Peas J Fresh Fruits & VetjctaWi Idaho Polatoos 10 Nice Crisp Celery **1 Florida Oranges 8 & J Lettnoe... Large Heads _ _ _ _ 2 W* 1 Grapefruit 8^1 Regalo Popec.n 2 U J Yellow Cora * FJ"1 Crisp Golden Carrots cello Ml T1ie?e EHcm EffectivefflBill Through Saturday GtU^y^|plkW^J February Uth
The Waynesville Mountaineer (Waynesville, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Feb. 11, 1954, edition 1
18
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