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Page A-2 THE TRIBUNAL AID
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WEDNESDAY, OCTOBER 22,1975
joDCDnfji II
BUSINESS AND FINANCE
Notes 8t Reminders]
PRESIDENTIAL CLASSROOM NOW IN EIGHTH YEAR
GREENSBORO
Y.M.C.A. ADULT
BASKETBALL LEAGUE
Hayes-Taylor Y.M.C.A. is
sponsoring an Adult Basket
ball League beginning Tues
day, November 4,1975.
The League will consist of
twelve (12) teams participat
ing. Each team will play
twelve (12) conference games
and a double elimination
tournament. The cost is only
membership at Hayes-Taylor
Y.M.C.A. Register today!!!!!
For further information
contact Mr. James H. Wood
ard, Sr., at Hayes-Taylor
Y.M.C.A., 1101 E. Market
Street, Greensboro, N. C.
Phone: 272-0197 or 272-
0198.
HIGH POINT
ADULT NIGHT
Friday evenings can be the
perfect time for all adults to
have an evening out without
having to pay a baby-sitter.
The Oakview Recreation Cen
ter is sponsoring a card night
every Friday from 7:30 -
10:00 P.M. All your favorite
games such as bridge, rook
and others will be available.
Activities for the children are
provided. Call 869-7010 for
further details.
HALLOWEEN FESTIVAL
The “Y” Men’s Club and
the “Y” Menettes of Carl
Chavis YMCA are co-sponsor
ing a Pre-Halloween Festival
on Tuesday evening, October
28,1975(7:00-9:30 p.m.).
An evening of fun, games,
prizes, and food will be
available for both children
and adults. Game and activi
ties include the following:
Bingo, Fortune Telling, Darts,
AGOMIZliyG
miN FROM
INGROWN
TOENAIL?
Get Outgro” for
fast relief
Why suHer the agon/of ingrown toenail pain when
Outgro can give you fast, ‘ . ^ .
toughens irrttaied skin.
reltef, and makes it easier to cut out the nail
out the pain caused by ingrown toenail Stop i
grown nail pain fast with Outgro
Spinning Wheel, Cake Walk,
Basketball game. Foods
available are: Hot dogs, pop
com, hamburgers, cold drinks,
candy apples.
A small admission fee will
be charged at the door.
All activities will be super
vised by YMCA Club Mem
bers and Staff.
YWCA
(Fouith St. Branch)
Monday thru Friday: 8
a.m.. Adult Day Care; 3 p.m..
After School Care.
Wednesday (Oct. 22):
4:30 p.m., Y-Teen Club;
7 p.m.. Open Recreation.
Thursday (Oct. 23): 4:30
p.m. Peacemakers, 4:30 p.m..
Piano Lessons; 7:30, Cake
Decorating; 8 p.m.. Let’s Go
GirU aub.
Friday (Oct. 24): 7 p.m..
Open Recreation; 7 p.m..
Gymnastics (4-6 yrs); 8 p.m.,
Gymnastic (Jr. High).
CEREAMIC
CLASSES
Ceramic Classes began Oc
tober 21, at the Fourth Street
Center. The classes will run
six weeks. Classes are held
from 7:30 - 9:30 each Tues
day. The cost of the class
includes the initial price of
Greenware and working tools.
Contact the YWCA for fur
ther information.
RALEIGH—Hgh School media, and representatives of lors and seniors are eligible
federal agencies. Study and to apply. The cost to each
discussion sessions with quali- student is $245. Many civic
fled instructors provide stu- organizations
juniors and seniors in North
Carolina Public Schools may
have an opportunity to learn
first hand how our federal
government operates through
a program called “A President
ial Classroom for Young
Americans.”
Now in its eighth year,
Presidential Classroom pro
vides students dormitory
housing and classroom space
In Washington, D.C. for one
week while they study all
three branches of the feder
al government, as well as re
lated areas which directly in
fluence our political system.
The Classroom is host to
Senators, Members of Con
gress, Supreme Court Justices,
Cabinet Secretaries, White
House staff, foreign ambassa
dors, members of the news
Taxpayers Ask IRS
This column of questions and answers on federal tax
sponsor stu- matters is provided by the local office of the U.S. Internal
dents an opportunity to ex- dents’attendance each year. Revenue Service and is published as a public service to
plore issues of concern. Requests for spaces are taxpayers. The column answers questions most frequently
Presidential Classroom con- accepted on a first-come, asked by taxpayers,
ducts six consecutive week- first-served basis. A registra- q. i loaned money to a friend
long classes, begintUng this tion fee of $25 is due by to start a small business. The
year the week of January 17 November 15, 1975, in order business has gone bankrupt
. . .. and I have no chance of getting
and running through Febru- to reserve a space m the pro- money back. Can I deduct
ary 28. All high school jun- gram. the money I lost?
A. Whether you claim a bad
lirui nil cm C TnilDIIIIICIIT depends on the circum-
RLn I ALL uULl I UUnnKlnCn I stances under which you made
the loan, and what attempts
GREENSBORO- The which measures 6760 yards you made to recover it.
you may not claim a
Greensboro Jaycees announce from the championship tees. ..... , .. , ,
^ debt unless there is a legal
a Fall Amateur Golf Touma- The tournament will have liability enforceable in court,
ment, October 25 • 26,1975, a championship flight consist- Gifts cannot be the basis of
with the winner to receive an ing of players with handicaps
, . , ... .. tention of collecting the debt,
exemption to the 1976 GGO. of two or less viith the GGO advance is considered a
The GGO Fall Amateur exemption being the grand gift. You must also take reason-
Championship will be played prize. The remainder of the ^ble steps to collect the debt,
at the Pete Dye designed field will be open to ^1‘hough you do not have to go
Cardinal Country Qub course.
New Yarn Process
the way to court If you can
show the judgment obtained
would be uncollectible.
Usually, if good business
judgment indicates that the
debt will remain uncollectible
in the future, the debt will be
conside.ed worthless.
Non-business bad debts are
reported on Schedule D, Form
1040. For more information,
see IRS Publication 548, Tax
Information on Deductions for
Bad Debts.
Q. We bought some Series E
Savings Bonds for our grand
child and fisted her as co
owner. We would like to trans
fer the bonds to her name. Are
we responsible for any of the
interest?
A. Although the bonds are held
jointly, since you actually
bought the bonds, you are re
sponsible for all the interest
earned on them until the time
GREENSBORO- Burl
ington Industries has develop
ed and is licensing a new
process for Interlacing tex-
tured yams through the use
of air jets, a technique which
the Company says will reduce
production costs by eliminat
ing twisting and plying opera
tions, and will give greater
pick resistance to fabrics.
The process and equip
ment were developed through
Buriington’s corporate re
search and development ef
forts, and the technique is
already being used in a
number of Buriington plants.
See Page 6
woi
For Information Of ?our Community And Your People, Read
THE TRIBUNAL AID Every Week.
It’s A Lot Of Knowledge And Information
iHi\
SAVINGS AND LOAN Association
620 N. Main St.
High Point, N.C. 27262
521 National Highway
Thomasville, N.C. 27360
108 E. Main St.
Jamestown, N.C. 27282
m
EQUAIHOUSM
LENDKR
Responsible Leadership
Elect
ROY B. CULLER
Mayor
High Point
Democrat
November 4
of the transfer. You should in
clude the interest in your in
come for the year the bonds
were reissued in your grand
child's name. If the bonds had
been taken out in the child's
name, all the income would be
the child's even though you
paid for the bonds.
Q. We are renting the second
floor of our house and require
the tenants to pay a security
deposit equal to one month's
rent. Is this considered part of
the rent and should we report
it as income?
A. Security deposits are not
considered rent or income when
they are received, unless they
are applied to the rent payment
for the last month of the lease.
Then they are considered ad
vance rental income and must
be reported in the year they
are received.
If all or part of the deposit is
kept because the tenant de
faults, it should be reported as
income at the time it Is appro
priated for back rent.
A New Name
In High Point
Hoover-Seng
General Steel
Products
Division
Better Pay
Better Benefits
Apply Or Call
1151
Blandwood Cir.
883-9101
cyi CJeanef~^^W?rId
’Cleaning is nnore than a business at our store. It's every
thing. So we keep everything spotless, piovide complete
igarment care, meet you at your car door, plus ...
• Free Summer and Winter Storage
^^Something
Qi^ner
^rld
Tu«
W COB EACH 4.00 WORTH O
EiSENHOWER
DOLLARS
Tutsdoy, WbdiMtrfay & Thurirfay
FOR EACH 4.00 WORTH OF DRY CUANINO YOU WIU OIT A FRH HSEN-,
HOWER OOILAR AT A ClfANER WORIO OARMENT CARE CINTER. ]
OUR DRY CLEANING SERVICE.
EXAMPIE; $4.00 Ordtr 1 FMI DOlUR
$8.00 ORDER ,v 1 mi OOLURS
$12.00 ORDER 3 FRR DOIURS
Shirts for
j(eCLOSED MONDAV:(e
TuethruSat. gleaner
3HR. SERVICE “Wjrtd
Open Tuesday throu^ Saturday 6:30 AM to 6:30-PM
5 Locations in High Point
175
H Hus
.Tax.
247 S. Main
1530 N. Main
13JON. Centennial
2517 S. Main
906 N. Main
1
Sleani r;,
J'
FRYER SALE!
These are plump, young
U.S.D.A. inspected fryers
SWIFT'S PREMIUM
BACON
17 OZ. VAC P
PAN READY
FRYERS u. 55*
TENDER CHICKEN WITH
LEGQTRS““ . u, 69*
TENDER CHICKEN WITH WINGS REMOVED
REAST QTRS. .as 79*
r^odm«MBomiiBasr
U.S.D.A. INSPECTED FRESH FRYER SALE;
WHOLE
FKTER^'
49
» FRESH DRESSED ,
PACKED 2 PER BAG.
MIXED
FRYER PARTS
Butcher Shop Features
Butcher Shop Features
FOOD STAMPS
ymcome,
□ STICK BOLOGNA ....» S9'=
SWtFT'S rtEWUM BONEUESS, FUUT COOKCO V> • ^ i ^
□ HOSTESS HAM .. *3”
SMITHniLDJAMISTOWNfUK * _
□ PORK SAUSAGE ....
HOtMEL BtOWN « Si
VAC PACK lUNCH MEATS
• 01 ®
> WORLD FOR VALLfYDALE
1 LB. PKG. VALLEYDALE
ALL BEEF
FRANKS
FRANKS, BOLOGNA, OR
HONEE
AURWOWOMO
'I mAioBHMtmm
AATUnONlY
swvrsntiMiuM
NOTEN tm . HEAVY
omw FB> WESTEIIW HEf
VAUEYOALE
Danish Pastry Shoppe
DEUaOUS PECAN
STICKY
BUNS EA
FRESH BAKED GERMAN
CHOCOLATE
CAKE EA
HOT CARRY OUT MEAL •
'/4 BAR-B-QUE OR FRIED
CHICKEN, 2 VEG., $-|i9
ROLL ALL FOR I
SOUTHOATf STOIE HIGH fOIKT MAU
CAU U3-7I29 CAU 869-7I01
AVAILAaif FOR NOON OR EVENING MEAL
STOtlSOCfOIOUHOC.
ROAST BEEF 79'
STOtESUCEOAU WHITE COOKiD
TURKEY BREAST .u fl9'
roTATO SALAD 69‘
CRANBERRY SAUD ... ,. 69'
WITH IfTTUCE A TOMATO
HOGIIE SANDWICH ... „ 79'
VEGETABLE SOUP 59'