Newspapers / Carteret County News-Times (Morehead … / Feb. 4, 1955, edition 1 / Page 11
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New Laws (Coattauetf from Paar 1. Section 2) be excluded from your taxable income. Bat if you are paid at a rate in eaeems of (100 a week tfce excludable amount may be deter mined by a formula given on pace 6 of the instructions. 2. The* limitations do not apply wben your pay for sickness or injury is entirely attributable to your own contributions to a plan. In this case, the entire amount may be excluded. You find a place at line 3 on page 1 form 1040, or at line 12 of form 1040A to enter your sick pay exclusion. Attach a state ment to your return explaining the exclusion. Both husband and wife can make sick pay exclusions on a joint return. It is possible that your em ployer did not withhold your in come tax on excludable sick pay you had during 19S4. But it is still necessary for you to show the amount of your sick pay, in order to cut your tax able income down to the amount on which taxes have been paid. If you do not show your sick pay, you might get billed for taxes you do not owe. Accident and health benefits ? Payments to you, direct or in direct, under accident or health plans may be excluded from your taxable income when paid to cover the costs of medical care for you, your wife or husband, and your dependents. Dividend ? with limitations noted below, you can exclude | from your taxable income up to $50 of income you get in the form j of dividends. If you are filing a joint return, and you anil your wife each had dividend income, each can exclude dividends up to $50. You will find a new schedule "J," at the top of page 4 of form 10?0, where you work out your dividend exclusion. On form 1040A you enter your taxable income from dividends (dividend income less the portion you can exclude) on line 10 as "other income." Dividends received any time in 1954 may be counted for the divi dend exclusion. (For the tax credit on dividends, to be discus ?ed in the next article, you may count only dividends received after July 31, 1954.) You may not count toward divi dend exclusions any dividends received from a number t>r organi zations detailed under the heading of "dividends" on page 7 of the instructions that came with your return. The new tax law lets you ex clude payments under a scholar ship or fellowship in most cases. It also allows parsons to ex clude the rental value of a parson^ age supplied to them, as did th#" old law, and in addition allows rental cash allowances to be ex cluded. The cash allowance may be excluded to the extent it is used to pay rent or purchase a home. The new? law gave policemen the right to exclude from their taxable income any subsistence allowance provided to them by law, up to $5 a day. In addition, the new law pre serves previous provisions allow ing life insurance death payments, gifts and inheritances to be ex cluded from your taxable income. It limits the exclusion for death payments from an employer to $5,000 for the death of any one employe. Box at the right of page 6 of the instructions lists other ex clusions. Next: Tax erediU. If Dutch Shoofly Pie Tastes Good with Light Meal Shoofly pie uses molasses, crumbs. By CECILY BROWNSTONE Associated Press Food Editor Regional dishes ? every section of America boasts of its own traditional recipes and we have reason to be proud of and inter ested rn them. Now comes a letter from an Ohio reader about that specialty of Pennsylvania Dutch kitchens ? Aloofly Pie. This pie is eally fun. To make it, we roll out a pastry crust and pour a mixture of molasses, water and baking soda into it. Then we sprinkle a crumbly mixture of flour, sugar, spices, salt and butter or margarine over the liquid. A strange combination to put in the oven and expect to come out an edible pie. But it does ? with a flaky bottom crust, then a brown custardy layer and a cake-like top. Fascinating to make, sweet and rich to eat. We'll admit right now that there See PIE, Page 4, Section 2 :&ki 01*'UoRDfl| KENTUCKY STRAIGHT BOURBON WHISKEY JKr/UucAy 3*3 cut/ tn 'YfVUitfoy OLD FASHIONED M>uk ~7riaAh- tfjcuifart' ?fc? mbu 86 PROOF \ \ \ $035 Jm ? hut \ \ Cod. No. 144 \ ' *3" Cod* No. 14S s ?LI iHHR IISTILLEIY Mill NCLSON COUNTY ?>?????* Hlorehead "CARTERET'S FINESt THEATRE" "WHERE THE BIG ONES PLAY FIRST" STARTS SUNDAY unfopofttabif' UNFORGETTABLE UNFORGETTABLE UNFORGETTABLE! ? 1 iV, Garland Mason ^ jffiMN CHARLES ?CKR?D W? NOONAN H8&-fiatT-555tY"utfT SEXkomo* iae?ar-.s?fc? "A bomtiM, lavish Mtertainment large enottgli ta fit two theatre!" AITOM cooc. ^ wto I ?f Mi Pktatc tkc I ML ? Mm.. hHL, WM, U:M - >:M - <:M - >:M the f thrifty foils who shop It's Better Breakfast Month At AAP SWIFTS PORK SMISME ^ fie POST TOOTIES CORN FLAKES .. ?? 21c Aunt Jemlm* Pancake Flour ?? 19c Log Cabin Or Vermont Mild Pancake Syrup ----- 29c 1 CAB Or B&W Frozen Concentrate Orange Juice ------ '<& ife FRUITS AND VEGETABLES Fresh Crisp Heads LETTUCE - - 2 35c Sweet Temple ORANGES - - 2 - 13c ft Large Juice Filled FLORIDA GRAPEFRUIT 8 ?g 38c Good Eating WINESAP APPLES 5 Z 63c Firm Ripe GOLDEN BANANAS 2 l?, 25c New Crop! GREEN CABBAGE 2 u, 9c Larfe Cuban PINEAPPLES , - . . Each 33c New Cr?p1 . , v j. ' RED BUSS POTATOES 5 u>, 29cl ? Bl IMUli, y Mill I J _ I? 111 A1UWBW Jans Parker Large Ring ANGEL FOOD on nfli* Hmk llll IIIUIv llwllN J an# Partwr? Delicious APPLE PIES - - - w 39c Jane Parker? Orange Square LAYER CAKE - ? - -25c Jane Parker RAISIN BREAD - - - 17c Jane Parker Caramel t RAISIN BUNS - - - ?. 29c OQc Cake Ideal For Pies and Cobblers EVAP. PEACHES Superfine Brand LIMA GRANDS - SPECIAL! - SPECfAL!. 2 1 -Lb. Pkg. No. 303 Cans A&P Fancy Flavorful SPECIAL! - SAUERKRAUT - Ann Page Sparkle Paddings - - Sunnyfield Creamery Butter - - SCOTCH MAID CUT CORN - - - Scotch Maid Chopped Spinach - Minute Maid Blended Juice - - - A&P Vacuum Pack Coffee - - A&P All tireen Asparagus - - 2 - 3 ngs No. 2 Cans 2 2 lib. an. 10-oz. fU. 14ot. Pkfi. Ms. Cam 1-Lb. Tin No. 300 Can 35. 25< 23. 17c CSc 19c 29c 29c 99c 35c 1 AGrP's Money Saving Detergent SAIL ? 49^ ffi FEBRUAtV J woman's day ? NOW ON SAU #v , A&P Premium Quality Mild & Mellow EIGHT O'CLOCK 89c K $261 Red Circle ... "b,g 95c Bokar Coffee . 97c THIN MINTS S CHOC. CHERRIES 25c SALE ! ANN PAGE FOODS Strawberry Jelly, 12-oz. Blackberry Jelly, !2-oz. Blackberry Jam, 12-6z. f Salad Mustard, 2-lb. Blended Syrup, 12-oz. Peanut Butter, 8-oz. NO LIMIT? YOUR CHOICE ? - ? ? pk? 35c Warwick 1-Ib. C9#t Chocolate Box ? Armour's Canned Meats ? Luncheon Meat Treet - ? 39c Armour's Vienna Sausage - C?n 19c Armour'i Corned Beef Hash ^ 29c Armour'i Star Roast Beef 47c Armour'i Star Potted Meat "ST 12c Armour'i Star Beef Stew cS 33c White Houie Evaporated Milk - 3 -S5c LOOK AT AIL THIS! LOW PRKfcSONAKPS famous "super-right "meats Sliced AH Meat " | BOLOGNA- - 39< I "Sup?r-R4ght" Fresh Loin End W ~ Y PORK ROAST- - - ? 37.; "Super-Right" Market Style BACK BONE - 39< i 1 "Super-Right" Fr*thlj I GROUND BEEF - 3&: Mom 11 Pride Skort Shank SkKmed 12 TO 14 LB. AVERAGE Holf or WhoU U 55. u>47( f-rti u 43c "Super-Right" Sliced PORK LIVER u, 19c WMaoa'i Corn Klnf SLICED BAOON ... UE 45c Golden Meedow SHRIMP Mad. Ux 43c Minute Maid Concentrate Orange JUICE - - - x 30c i Sonsienna Corned Beef or Roast BEEF ."J?, - - ? 39c ) i Mel-O-Bit Process ? American or Pimento CHEESE ?ki?u a 83c PINEAPPLE Crusked ^ 27c PINEAPPLE "?* 29c FRUIT JUICE Pineapple - - - - " ^ 27c A4P Small Green ' [ LIMA BEANS 19c Packers Label TOMATOES ?? < - 2 23c Packers Lakel FIELD PEAS CedKHI " NC^T 15C Hum Pric?s Apply to Stores In Booufort - Morehoad *?1
Carteret County News-Times (Morehead City, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Feb. 4, 1955, edition 1
11
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