IvTK'-'< r
^ julia Stokes
Mis
i1
|:
R
it
I
vounff people
. ;t ,} the meet
U , -uni ns tor r el
I retreat in
, ,he week-end.
? 1 tuts in An
;;:h the church
. :0I1 there. 1 he
. i..nal director,
-• .. her for the
urvice Br
, , j p service was
V ,, tether chap
■ v Stanley Bennett
, v; Sunday at the
' i , Sacrament of
VH",r w ill he celebrat
Kaster Com
: Slipr
be the
'me!. fellowship met
^Vr of \ssembly Inn
, a Vhn-tianr associa
Li,l Vesper
"u't 7:15 p.m. in
;„ith the Christian
In cUge of the
at
11 ~e;i«sion fellow
,,"m. in the home
Karl Snyder.
M.ril K R
, to the execu
Women of the
at 1 P-m. in
\ < mbly Inn.
e Women of
. tery met at
; irreen room of
„ Wednesday, April
..bailman, Mrs. A.
harge. Luncheon
the same room at 1
n„ aft. rnoon prayei
.. mnotina1
[weeks prior to her death.
L a member of the Cedar
.‘j Presbyterian church and
[L,.,| m Highland Memorial
|ry. Knoxville.
[ ' ('aliaway was active in
r.-i-ial and Synodical and
if for many years. She
| organize the Christian
Lice for Negro Women in
[i ■, i and founded the schol
ia at .Stillman college, Tusa
[Ala. The Florence N. Cal
|scholarship for Negro girls
pried in her honor.
F spent many summers in
|e and attended the Wo
lf inference in the early days
jjlr-. Winsborough was the
L She attended the Woman’s
lence the summer 1952 as
fcf Mrs. Henry. She was in
If t attended all meetings,
land Mrs. 1). Clauser and
i Michigan are living in
lid apartments.
[ ami Mr;. Francis Wyly
If week, -nd in Montreat,
a Mrs. John Payne Wil
I’.v have been in Davidson
si1, are in their home on
ill y drive for a week’s vaca
te,.' prayer meeting
■ i:, p.m. in Gaither
She was a enuren ami
Pi, and was active until
L illness which was just
Ui'v. anil Mrs. Lynn .Jones
.family of Columbia, S. C.,
|la■ week in the Oates-Jones
"n Tennessee road. Mrs.
a and two ehildren, Kath
Robert, of Sweetwater,
are in their cottage this
They returned with Mrs.
Oat, who spent last week
ft water.
John Tate of Charlotte ra
Miss Alice Hardie in her
n Virginia road.
Wilson of King college,
spent the week-end with
ither, Mrs. N'oyes Wilson, in
Dnie on Lookout road. He
Ita-nding the Westminister
Tap which held a retreat
r the week-end.
■M Woods spent the week
tn his mother, Mrs. Samuel
and witii Dr. Nettie Grier,
a short vacation from his
in^ Krskin college, Due
1 harles Watkins spent a
JL- in her cottage on Vir
|1 I- She liad her grand
1 atkins, and his
B Michael Hill of Anderson,
|il guests.
Kdith and Jean Tait
f* '/ned from a short vaca
, ‘UrlotUs They have as
1 sister and brother-in
Mptam ami Mrs. Fred K.
i ' " ’ retired of Annapo
a !ew weeks’ stay.
an'i M«- Thomas Spence
for a week’s stay in
1
1
they a re ^present e'd the^check for r/'P|'esentaUves of the -Junior Chamber of Commerce look well pleased as
right Mrs WiUian/Brown keinpS5p'h?i WhlCh £r0UP w™ In the Finer Carolina Project contest last year Left to
CP&L local manager, and Bulky WrigMpresidentoFttTjaJSST $ ^ Car°'ina project chairman’ W' S‘ Holcombe’
-STATE INCOME TAX FACTS
North Carolina Individual Tax Returns
Remember to mail
(This is one of a series of articles your return before
prepared by the Committee on APRIL 15
State Taxation, North Carolina
Association of Certified Public Ac
countants, in co operation with the
North Carolina Department of
Revenue.)
(This is one of a series of ar
ticles prepared by the Committee
on State Taxation, North Carolina
Association of Certifie d Public
Accountants, in co-operation with
the North Carolina Department of
Revenue.)
Article No. 2—Differences in
Federal and State Deductions.
While both the Federal and
North Carolina income tax laws
allow generally the same types of
deductions from taxable income,
there are substantial differences
in the manner of listing and com
puting those deductions.
Medical Expenses
While the Federal income tax
law allows you a deduction for cer
tain medical expenses which ex
ceed 3% of your “adjusted gross
income,” the North Carolina in
come tax law allows you a deduc
tion for medical expenses which
exceed 5% of your net income be
fore deducting medical expenses.
Medical expenses for North Caro
lina income lax purposes include
the following:
1. Drugs and medicines. (You do
not reduce your drugs and medi
cines by 1% of your "adjusted
gross income” as you are required
to do under Federal law.)
2. Hospital bills.
3. Doctor and dentist bills.
4. Premiums paid on hospitali
zation and health and accident in
surance.
5. Cost of eye glasses, hearing
aids, dentures, and orthopedic ap
pliances.
6. Cost of travel to secure med
ical treatment.
Any insurance reimbursement
for medical expenses must be de
ducted from the total in computing
the deduction. The maximum de
duction is $2,500.
Dividends
If you own shares of stock in
corporations which are partly or
wholly North Carolina corpora
tions, you will find a substantial
Richmond and New York. Dr.
Spence had to go to New ^ ork City
for Foundation business and Mrs.
Spence will visit her mother, Mrs.
W. M. Holmon in Richmond, Va.
Mrs. Collins Lee has returned
from visiting her son and family,
Dr. and Mrs. Robert E. Lee in
Milledgeville, Ga. Dr. Lee is pres
ident of the State Teacher’s college.
His wife’s father, Dan Lott of
Wayeross, Ga., died March 21. The
service was held in the Methodist
church, Wayeross, with Bishop
Moore officiating.
Mrs. Lee will leave next week
for Kentucky to visit her other
son John Lee, and family in C ov
ington, Ky., and Cincinnati, Ohio.
Miss Claudia Edwards of York,
S. G\, spent a few days in her
cottage on Mississippi road last
week. She also visited her brother
in Florida over the week-end.
tax saving in the proper reporting
of dividends received from these
corporations.
While Federal law allows you a
dividend credit against your tax
due, North Carolina law allows
you to deduct a percentage of the
dividend received equal to the per
centage of the corporation’s in
come taxed by North Carolina. For
example, if you receive dividends
from a corporation which pays
corporate income tax to North
Carolina on three-fourths its earn
ings for the year, you need pay
income tax only on one-fourth of
the dividend received (the one
fourth on which the corporation
did not pay income tax to North
Carolina). The correct way to
take this deduction is to enter your
total dividends received in the di
vidend schedule on the return form
and compute the taxable portion of
each by multiplying by the tax
able percentage applicable to each
corporation—the difference be
tween the total and the taxable
portion is your deduction.
The “taxable percentage” may
be secured from the N. C. Depart
ment of Revenue in Raleigh or one
of its branch offices (normally in
the county courthouse building), a
Certified Public Accountant or At
torney.
If you own stock in a corpora
tion which pays income tax on all
of its income to North Carolina,
100% of your dividend is deducti
ble, with the result that you pay
no income tax to North Carolina
on those dividends.
Taxes
Under Federal law, you may de
duct most of the taxes you pay to
the state and local governments.
Under North Carolina law, ^how
ever, you may deduct only the fol
lowing state and local taxes: (1)
city and county property tax, (2)
state intangible property taxes and
(,‘$) poll tax. Although not de
ductible for Federal income tax
purposes the following Federal
taxes are deductible for North Car
olina income tax puurposes: (1)
Federal emusement tax, (2) Fed
eral telephone tax, (3) Federal
transportation tax, (4) Federal
tax on club dues and (5) Federal
tax on safe deposit boxes.
You should note particularly
that neither Federal nor State in
come taxes withheld or paid are
deductible on the North Carolina
return. Although deductible on
Federal returns, personal automo
bile licenses, sales taxes and gaso
line taxes are not deductible on the
North Carolina return.
Interest
North Carolina law allows the
deduction of interest paid on all
types of indebtedness except that
incurred to purchase tax-exempt
government bonds. The interest
RESCUE
TJSoMEn'RESCUE «roup,ruOwn ^0^*11
from El Reno, Okla., hav Oklahoma tornadoes and four major
defense rescue workduring1 . f, the arm 0f a mock victim at
ares in El Reno. Shown ?P1t‘“‘lngDento„> Texas are seven of the
a civil defense rescue institute in U (righ,)( who with his wife
KS* “»«»• ",“u“
on money borrowed from a bank or
from a mortgage loan company on
home loans, or interest paid to in
dividuals on loans is all deductible.
For Federal income tax purpos
es, if personal property is pur
chased under certain instalment
contracts and interest is not sep
arately stated, 6% of the average
unpaid balance may he claimed as
interest. North Carolina has no
similar provision, and only inter
est which has actually been charg
ed as such and paid during the
year may be deducted. Interest
included in finance charges which
do not indicate the specific amount
of interest charged cannot be de
ducted unless a statement is se
cured from the lending agency as
to the actual amount of interest
charged during the year.
Losses from the Sale of Heal
or Personal Property
If you sell your personal home
and take a loss, you cannot deduct
that loss for either North Caro
lina or Federal income tax pur
poses. On the other hand, if you
sell your personal home and make
a profit, you must report the sale
in both your North Carolina and
Federal returns. Federal law pro
vides that if you reinvest the pro
ceeds under prescribed conditions
the gain will not be taxable. North
Carolina has no similar provision
in its law and any gain realized
is fully taxable.
For Federal income tax purpos
es, gains from the sale of certain
real or personal property (capital
assets) are taxed at a rate lower
than ordinary income. No such
distinction is made for North Car
olina income tax purposes with
the result that all gains are fully
taxable at the same rates as or
dinary income.
The next article in this series
will deal with the taxability of re
serve or active duty military pay,
which became taxable for North
Carolina income tax purposes on
January 31, 1955, the official end
of the Korean War.
LEGAL NOTICES
NOTICE
STATE OF NORTH CAROLINA
RFNCOMHK COUNTY
In the Superior Court
Before the Clerk
In the mattet of adoption of Rob
ert Michael Powell.
To Robert Horace Powell, defend
ant m the above entitled action:
TAKE NOTICE that a pleading
seeking relief against you has
been filed in the above entitled ac
tion now pending in this court:
The nature of the relief being
sought is for the adoption of a
minor child whose name appears
in the caption hereof by the peti
tioners in said cause:
You are required to make de
fense to such pleading not later
than the 21st day of May, 1957,
and upon your failure to do so,
the parties seeking service against
you will apply to the court for the
relief sought.
This 12th day of March, 1957.
EDNA'C. TURNBULL,
Assistant Clerk Superior
Court Buncombe Countv.
March 21, 28; April 4, 11, 1957.
NOTICE
STATE OF NORTH CAROLINA
BUNCOMBE COUNTY
In the Superior Court
Before the Clerk
In the matter of adoption of Bev
erly Ann Powell.
To Robert Horace Powell, defend
ant in the above entitled action:
TAKE NOTICE that a pleading
seeking relief against you has
been filed in the above entitled
action now pending in this court:
The nature of the relief being
sought is for the adoption of a
minor child whose name appears
in the caption hereof by the peti
tioners in said cause:
Ycu are required to make de
fense to such pleading not later
than the 21st day of May, 1957,
and upon your failure to do so, the
parties seeking service against
you will apply to the Court for
the relief sought.
This 12th day of March, 1957.
EDNA C. TURNBULL,
Asst. Clerk Superior
Court Buncombe County.
March 21, 28; April 4, 11, 1957.
NOTICE
Having this day qualified as Ex
ecutrix of the Estate of ANNE V.
M. WILSON, late of Buncombe
County, North Carolina, this is to
notify all persons having claims
against said estate to present
them to the undersigned, duly ver
ified, on or before March 7th, 1958
or else this notice will be plead in
bar of recovery. All persons in
debted to said estate will please
make immediate payment.
This the 5th day of March, 1957.
ELIZA C. WILSON, Executrix
of the Estate of ANNE V. M.
WILSON, deceased.
March 7, 14, 21, 28; April 4, 11.
—The first permanent settle
ments in the Cape Fear region
of North Carolina were made in
1725.
NOTICE OF SERVICE OK
PROCESS BY PUBLICATION.
STATE OF NORTH CAROLINA
COUNTY OF BUNCOMBE.
In the Buncombe County General
County Court.
LEWIS It. BEAM, Plaintiff,
vs.
ARDYTH B. BEAM, Defendant.
TO ARDYTH B. BEAM:
The defendant above named, will
take notice that an action entitled
as above has been commenced in
the General County Court of Bun
combe Count, North Carolina, by
the plaintiff against the defendant
for divorce from the bonds of ma
trimony now existing between
them; that the defendant will fur
ther take notice that she is required
to appear on the 9th day of April,
1957, or within thirty-seven days
thereafter at the office of the
Clerk of the General County Court
of Buncombe County, Asheville,
North Carolina and answer or de
mur to the Complaint in said ac
tion, or the plaintiff will apply to
the Court for the relief demanded
in said Complaint.
This the 12th day of March, 1957.
J. E. SWAIN,
Clerk Superior Court, Buncombe
County, Ex-Officio Clerk Gen
eral County Court.
By (s) Edna Turnbull,
Assistant Clerk.
March 21, 28; April 4, 11, 1957.
—The inland area of the Coast
al Plain rises approximately one
foot per mile in a westerly di
rection.
• SELL IT — CLASSIFIEDS! •
—Tests by the U. S. Department
of Agriculture in cooperation with
the Utah Agricultural Experiment
Station indicate that new plastic
films, used as liners, may be the
answer to water losses by seepage
from farm reservoirs.
IT DOES MAKE
A DIFFERENCE!
IN
YOUR
FAVOR
You can't be well dressed
unless you start with a good
haircut. That's our business.
ACME
Barber Shop
117 Broadway — Dial 5411
Black Mountain
Prescription Service
CITY - WIDE
PRESCRIPTION PICKUP AND DELIVERY
You may depend on us for prompt, efficient Pre
scription Service.
When you need a prescription filled, just call on
us. Our long experience and large stock of Pharma
ceuticals mean quickest service for you.
So, when your doctor gives you a prescription,
stop in here or PHONE US 4121. WE DELIVER.
For emergency prescription service PHONE 6111.
BLACK MOUNTAIN DRUG CO.
UZZELL'S REXALL
Member Western North Carolina Drug Club
☆ COMPLETE PHOTO ■ FILM SERVICE *
• HALLMARK CARDS • WHITMAN CANDY • REVLON
This is the car that won at
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U. S. automobile.” And it won
the Auto Decathlon! Y8 or Six,
Chevrolet is a top performer.
Just drive it, and see!
Who rates what for performance and
smoother riding in the low-priced
three? Chevrolet has laid the answer
and the proof on the line!
First, Chevrolet won the Auto
Decathlon over every car in its field,
and over the higher priced cars that
were tested, too. This rugged ten
way test {right, below) showed Chev
rolet was the champ in handling ease,
braking, acceleration, passing ability,
smoothness of ride and other driving
qualities you want in a car.
Then, Chevy walked off with the
Pure Oil Performance Trophy at
Daytona {left, below) as “best per
forming U. S. automobile.”
It’s quite a feeling to know that
you are driving the champ, with its
smoother, steadier way of going,
its keen response of V8 power, and
its easy handling. Just give this
Chevrolet a try, and see!
ENTER CHEVROLET’S
$275,000 "LUCKY
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