THE DCTLCf TIMES, KZNANSVHXX, K. CX, raCBSDAY, RBBVAKT,lk UM
jGciiclodydiiTaxi Serie Strifes!
(This article, completing ae-
: riee describing the provision ot
f tha Federal 'ineme and SoeUI
: Seewity tax law aa they affect
farm people, waa prepared by
Cbarle R. Pom, W JU Tanker,
ad C. W. WlUlama, extension
(arm management specialists, N.
'maoism
': Building. Supply -.Go. ft
1410 W, Tinuin At EbMtoa ' !l noM 4M1
KITCHEN VENTILATIHQ FAN3 3
Dltsppcsrlns Stalrt
DESSLER-
IAIYWAY PRECISION
AND VICTOR
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Ia7 lo Install
i3
Overhead Garage Doors
gaetional Trpa Top seettoa for (baa, Com
abVte wltk overhead track 4 U Lardwar
law glass..
r wide, r ; .
ir wide, ir Ugh
. Large ate ordered SB dan delivery
, ROOL ROOFINQ
! 4S lb. . 55 1b. . N lb.
Ill lb. ASPHALT SHINGLES
Green Black Blends ,
lb. BOLL TW VALLET TUT
COPPEB and ZINC FLASHING
White Atbostos Siding
ROLL BRICK SIDING
INSULATED BRICK SIDING
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BOAT PLYWOOD
mNCtf DOORS SCREEN DOORS
EXTERIOR DOORS-Many 8tyl
C. State - College.) , f , -
Amendment to the Social Secur
ity law by the IBM Congress bring
coverage to aelf -employed farmer!
for tha JUrrt. time starting wnn tne
taxable year 1895, and extend cov
erage to many additional farm em
ployees. Social Security is a federal
sponsored program offering insur
ance to workers and their depend
ents against complete loss of in
come due either to the death or re
tirement of the worker. Payments
or benefits are generally based upon
the period of service and taxable in
com during the service -period.
' Self-employment taxes for Social
ISecurity purposes and Federal ln-
t - LLJ A IK.
tent that both are collected by tne
Internal Revenue Service at the
same time. Also the same account
ing methods and records must serve
an the basis of the two types ot tax
es. Self - employment taxes differ
from Federal income taxes in that
they go into the Old-Age ana sur
vivor's Insurance Fund from which
Social Security benefits are paid
rather than into the general funds
of the U. S. Treasury.
'. Some self-employed fanners may
owe no income tax due to the size
of deductions and personal exemp
tions but still must complete Sche-
dule F, Form 100 to determine
earnings from self-employment for
Social Security tax purposes. Sche
dule F is arranged so that the com
putation of self-employment tax
from farming will follow as the
form is filled in. '
In calculating self - employment
earnings from farming, the individ
ual farmer may have to make some
adjustments in the figure upon
which Federal income taxes are bas
ed. The exclusions in determining
net earnings from self-employment
include any income and expenses as
sociated with (1) rentals in the
form of crop shares, which are con
sidered as an investment return to
the landlord rather than self-em.
ployment income; (2) gains or losses
from the sale of capital assets and
depreciable property such as sales
ot livestock held for draft, breeding,
or dairy purposes or sales of ma
chinery and real estate; and (3)
deductions for net operating losses
of other years.
: - Farmers are to pay Social Secur
ity tax if they had earnings of $400
or mora from self-employment In
1955. The maximum covered earn
ings from all sources are $4200.
Therefore the maximum income
subiect to the S per cent self-em.
ployment tax is $4200 minus the
amount of covered wages received
aa an emDlovee.
Farmers reporting their income
on the "cash" basis may wish to
um an notional method to stabilize
their coverage from year-to-year. If
the gross income from farming
(with adjustments as mentioned a-
bove) is between ww ana iibuu, tne
aelf-emnloved farmer may pay so
cial security taxes on one half of
this gross amount. If the gross in
come from farming (with adjust
ments) ft more than $1800. and the
commited net earnings from self-
employment from farming are less
than $900. Social Security taxes may
be paid on $900.'' ' .
i JJetaila of social seeurny coverage
and computation i of the ta are ex-
nlnlnoH In h nnmnhlptm. "How Ra
cial Security Covers Farmers" and
"Farmers' Tax-uuioe. vnecx witn
your - county agent or the " local of
fices ot the' Social Security Admin
istration and Internal Revenue Ser
vice for copies, . . ,
Legal liolices
' r NOTICE OF SALE .
Under and by virtue of a judg
ment rendered in the Superior
Court of Duplin County( lna cer
tain Civil Action, entitled Harvey
O Dixon vs J. Edward Dixon Sr.,
Et AL oh February'1 1st, 1956, the
undersigned Commissioner will on
Saturday the Srd day of March, 1956,
at the hour of 12 o'clock M, offer
and sell to the highest bidder for
cash, that certain tract: or parcel of
land, lying and being Island Creek
Township," Buplin County, North
Carolina, bounded and described aj
follows, to wit: .' ' '
Beginning at a Sweet Gum by the
run of canal of Teachey Branch, R.
B. Colwell corner, and runs thence
with his line N. 82 E. 8 1-3 poles to
a Sweet Gum; thence his line N. 23
1-2 E. 24 poles to a slake, J. E, Dix
on's corner; thence J. E. Dixon's
line S. 19 E. 53 2-5 poles to a stake
in L. Boney's line; thence Bdney's
line about S. 70 W. -30 poles to a
stake in Teachey Branch; thence
up said Branch as it meanders gen
eral course about N. 16 1-2 W. 40
poles to the beginning, containing
7 7-15 acres, more or less. Being
lot No. 1 in the division ot the
lands of the late Easther Dixon.
Advertised this the 1st day of
February, 1956.
N. B. Boney, Commissioner
3 1 4T N.B.B.
! THE
AMERICAN WAY
1
... . -- i .
NOTICE OF SALE
Under and by virtue of a judg
ment rendered in the Superior
Court of Duplin County, in a cer
tain Civil Action, entitled Harvey
O. Dixon vs J. Edward Dixon, .Sr.,
Et Al, on February 1st, 1956. the
undersigned Commissioner will on
Saturday the Srd. day of March,
1956, at the hour of 12 o'clock, offer
and sell to the highest bidder for
cash, that certain tract or parcel tf
land, lying and being in Island
Creek Township, Duplin County,
North Carolina, bounded and de
scribed as follows, to wit;
Beginning at a stake in the east
ern line of Second Street, 300 feet
North of the northern line of Mia
mi Avenue about South 74 1-2 East
150 feet to a stake In L. Souther-
land Jr. line, corner of lot No. 6;
thence: as said Souherland's line.
parallel with Second Street about
North 19-20 East 108 feet to a stake
in said line, corner of lot 9; thence
as the line of lot 9, parallel with
Miami Avenue, about North 74 1-2
West 150 feet to a stake in the
Eastern line of Second Street, corn
er of lot 9; thence as the said street
line about South 19-20 West 100 feet
to the beginning. Being lots 7 and
S in Block 2 of Haymount Heights
as shown on map or plat as record.
ed in the office ot the Register of
Deeds of Duplin County in Book 123
at page 263. Being the same lands
described in deed from w. D. Wells
and wife, to Flossie B. Dixon, dat
ed November 6th. 1909, and re
corded in the office of the Register
of Deeds of Duplin County in book
195 at page 498.
Advertised this the 1st day of Feb
ruary 1st, 1956.
N. B. Boney, Commissioner
3 1 4T N.B.B.
rtf's'wiav';"r-. i.jj..-, -ur-j, b,v'p -Jr "-'- 'r. " 11 ' afaiKJar a h"'
tsfv- w.1-,',r ' .-ANbroTUiNK I v
.--TZJr-3 mVS-BPAY.MVTWe , XGgZ-zz.
''ZZZZ 7 ioiiaKEiPiHATfvMrr V -I rrszz'
-: jto - .. I CM S8U.1HE M6 Wi f .
fl l ' CttEAPER THAN TMEV i 1
Ridiculous, to Put It Mildly,
Smith, Jr., Administrators of
the estate of FLOYD E. SMITH,
SR.
N. B. Boney, Atty.
3 15 6t c.
EXECUTORS NOTICE
Having qualified as Executrix of
the estate of W. J. Sloan, deceased,
late of Duplin County, North Caro
lina, this is to notify all persons
having claims aeainst th otnt
said deceased to exhibit them to the
uuuersignea at calypso, on or be
fore the 9th day of February, 1957,
or this notice will be pleaded in bar
of their recovery. All persons in
debted to said estate will please
make immediate payment.
This 7th day of February, 1956
Eva A. Sloan
Exec"tor of W. J. Sloan,
deceased.
Calypso, N. C.
3 15 6T C.
NOTICE OF SALE
Under and by virtue of the power
of sale contained in a certain deed
of trust executed by John E. Al-
bertson and wife, Virginia Albert-
son dated the 8th. day of April,
1953, and recorded in Book 478 at
page 272 in the office of the Re
gister of Deeds of Duplin Coun
ty, North Carolina, default having
been made in the payment of the
Indebtedness thereby secured and
said Deed of Trust being by the
terms thereof subject to foreclosure,
the undersigned Trustee will offer
for sale at Public Auction on the
5th. day of March, 1956, at 12:00
o'clock noon, at the Courthouse
Door in Kenansville, N. C, the pro
perty , conveyed - in ' said deed of
trust, the 'same being in "the town
ship of Limestone and Duplin Co,
North Carolina, and . described as
follows: . .
BEGINNING at a stake "on the
main road that puses the J. E. Alb
ertson residence and at a small
drean in Chesley Williams line and
runs with said road North ' 16 de
grees and 30 minutes East 229 feet
to a stake; thenpe North 73 degrees
and 30 minutes West 200 feet to a
stake; thence South 16 degrees and
30 minutes West 290 feet to a 'slake
on the aforesaid drean or ditch;
thence with said diteh or drean
Southward to the beginning, ' con
taining one acre, more Or less.
Also described In Book 478 . at
page 272 Duplin Registry.
This the 1st.' day of February,
1956. :.
Grady Mercer, Trustee for First
Citizens Bank St Trust Co,
Jacksonville, N. C.
2-23-4t G.M.
The- island ot Mauritius in th.
Indian Ocean was the home -pt tha. .
extinct dodo bird, ' says - the Na . v
tional Geographic Society. Al
though the Island is British, it wea-.
named for a Dutch prince. - The;
majority ot the people are Hindu t
and Moslem, but they apeak, a y
French patois. ,- -
IHIIIIIl tml , 3x.T '.''
' llltHa ' oi J w, g
Taaten jronr safety belt,
Horace!" ,
h i ff r v t vi v tr nn - .--
III nMl AflVf AC AMRDirA
' IN WALLACE "
"A Good Scout Makes AlCobd Xlitizen"
ADMINISTRATOR'S NOTICE
Having this day qualified as ad
ministrator's of the estate of Floyd
E. Smith, Sr., late of Duplin Coun
ty, North Carolina, this is to notify
all persons , having claims against
said estate to present them to the
undersigned, duly verified, on or
before one year from date hereof,
or this notice will be pleaded in
bar of their., recovery. All persons
indebted to "said estate will please
make immediate settlement.
This the 3rd day of February,
1956.
Emma A. Smith and Floyd, E.
I Tips on Touring I
J
gOY SCOUTS OP AMERICA
FEBRUARY 6 TO 12
WE ARE DUPLIN COUNTY HEADQUARTERS FOR ""
BOY SCOUT UNIFORMS
Collins
'IN WALLACE " '
By Carol lat
Ii Women's Travel Authority '
: Fashion trend fluctuate (Re
member the "long: look" of the
' '40sT), and so does the world of
travel. Vacation-wise the trend
has followed fashion to a shorter,
more casual type. Here's the story,
as reported by experts who keep
tabs on travel statistics. .
: According to
recent surveys
by the AAA and
the University,
of Miami's Bu
reau of Business
and Economic
Research, mo
torists who
tended to take
lone trips in tho
first flush of postwar travel now
prefer shorter tours. Eighty per
cent of the requests for travel in
' formation received by the AAA
'concern trips of one day or less.
The University of Miami research
bureau reports that more than half
' of a "sample" of 100,000 visitors
who wore questioned in an attempt
to analyze vacation habits piannea
to stay in Miami from 4 to 1!J days.
The average visit was 7 days.
Three big reasons for the boom
in little vacations : better carD, bet
ter roads, more people able lo take
week-end trips in addition to regu
lar annual holidays.
A favorite prescription for a
short holiday which I originated a
numbsr of years ago is-what I call
a "Tonrette." A Tourette is a two
day, budgeted, planned vacation in
. miniature. Here's how to plan it.
! On a road map, draw a circle 200
miles in radius around your home
town. (You'll be surprised to find
how little ofitha area you've seen.)
' Decide where you want to go and
! what you want to see. Then pick
- your week-end and go.
' By limiting your outbound trip
i to 200 miles, you'll have time to
sihtsee, lunch and settle comfort
' ably for the night.' Next day, go
home by a different route and
(. seo more of the area so close to
home. ' , ' '' ; '
i Tourette provide education and
- recreation' for tha entire family.
' They are the latest thing in travel
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