Newspapers / The Kings Mountain Herald … / May 23, 1968, edition 1 / Page 4
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Ra c e Pig* KINGS MOUNTAIN HERALD, KINGS, MOUNTAIN, N. C. College Today (Q)' I understand that the lidglslature last spring appropri ated funds for financial aid to college students. Who Is eligible for this aid and from what agen cy Is It.obtained? : (A> The 1967 General Assembly enacted legislation providing funds for scholarship aid to: 1) Students who wish to train for-placement as teachers of men tally letardcd children (an addi tional $100,000 for 1967-69 bien nium, making a total of $200,000 available for the biennium). The Supervisor of Scholarships, De partment of Public Instruction, teleigh, administers the pro gram. . 2) Students who plan to teach in the public schools of the State (an additional $157,000 for 1967- 09 biennium, making a total of $1,447,5(X) available for the bien-; hium). The Supervisor of Scholar- ahlps. Department of Public In struction, Raleigh, also adminis ters this program. $) Students who are children Of-deceased or disabled war vet- erar>s, including the Viet Nam Conflict ($1^3 million for 1967-69 biennium). The Director, North Carolina Department of Veteran Affairs, Raleigh, administers the program. 4) Students who plan to enter medical and paramedical fields ($600,000 for 1967-69 biennium). The North Carolina Medical Care Commission, Raleigh, administers the program. antee of an additional $500,(X)0 in low-interest student loans under provisions of the Higher Educa-' tlon Act of 196.5. The staff of the State Board of Higher Education administers the program for thc| State Education Assistance Au- j thorlty, the State’s student loan \ guarantee agency. Information, concerning student loans is avail able from the student aid officer at each college and the College Foundation, Incorporated, P. O. Box 1487, Raleigh. In addition to these appropria tions for financial a-ssistance to ‘ college students, the 1967 General; Assembly also provided a State income tax exemption of $6(K) for each dependent who is a full-; time student at an accredited col lege. POmOOSEUPYOilR LAUNCHIN6/ A Practice Car Is Delivered (-S) Students who are physically handicapped ($481,250 for 1967-(X) biennium). The Vocational Reha- blUtatlpn Division, Department of PyWlc In.struction, Raleigh, ad ministers the program. 6) Students who plan to enter such fields as p.sychiatrlc social work, social work and other oc cupations directly related to men tal health ($51,500 for 1967-69 bi ennium). The State Department of Mental Health, Raleigh, adminis ters the program. { .7) Students who wish to work dnd Study under provisions of the Higher location Act of 1965. The rfutn of $400,000 was appropriated for the 196’7-69 biennium to the Board of Higher Education for al location to the colleges for the State’s participation in this Fed eral program. The student aid of ficer at each college administers the program. The (iencral Assembly also pro vided funds ($50,000) for the guar- A new 1968 Plymouth was' backed into the Kings Mountain high school auto mechanics shop today. Students and their instruc tor, Gordon H. Beatty will use it as a practice ear. They’ll be "in training" for the 1968 Plymouth Trouble Shoot-, ing Contest to be held .May 25 ini Charlotte. At the contest the team will compete against other area high schools in one of the most un usual interscholastic competitions' of them all. in the Trouble Shooting Con test, a team from each school will be given a new 1968 Ply mouth to put in smooth-running condition. It won’t be easy. Ply mouth engineers will have 'tgoof- ed up” each engine with several good i-easons why it won’t start; or run properly once started. The winning team will be the one that first discovers every “blooper’’, corrects it, and closes the hood. Tlie winning team will earn a trophy and tool kit for its school —and a trip to the National Trouble Shooting Contest this June in Indianapolis w'here they’ll comj ete for ,$100,000 in scholar ships and prizes. The practice car for Kings Mountain is a loan from McBray- er Motors, .Shelby. m mu sUUil Q. I understand that a person will have to pay social security tax on earnings up to $7800 in 1968. Will this have any effect on me since I only earned $7000 last year and expect to earn the same this year? A. If you earned $7000 in 1967, only $66()0 of your wages were taxed for Social Security contribu tions. If you earn $7000 in 1968, Social Security taxes will be paid on all of the $7CXK). What is the next tax rate? A. There has been no change in the tax rate. In 1967, the rate for employees and employers was 4,4% each and the rate for self- employed people was 6.4%. This same rate is in effect for 196()8. Q. 1 have been paying the maximum in social security taxes and I expect to continue to do so in the future. Under the new so cial security law, how much more in taxes will I pay In 19(58? ALL-CONFERENCE LIST (.Continued From Fag* Three) Q. Does this mean then that I will have to pay more taxes for Social Security in 1968? ) A. The maximum in social .se curity contributions paid by em ployees in 1967 was $290.40. This compares with a total of $3.52.00 maximum which will be paid in 1968. For self-employed people, the maximum payable in 1967 was $422.40. In 1968, the maxi mum payable, based on the new earnings base of $7800, will be $499.20. Frank Elmore, Belmont 3b—Steve Bailey, East Rutherford Linney Walker, Rutherfgrdton SS—Gary Cobb, Chase 2 Mike Hoover, Belmont 2 Arnold Cook, Burns 2 Gary Dalton, Rutheifordton OF—Roger MeSwain, Crest Gary Hamrick, Chase Richard Elam, Cherryville Scott Hamrick, Burns 5 I>ewey Lynch, Belmont a Stacey Lail, Rutherfordton Hamam8L£ i//yeA//s£ aa/p /wnt (anp kE' MOVERS) ARE EXPLPSiVB ANP SROULP SE usEP oi/TVOofis. Meep open FIAMES aao? C/OAPETrES A\A/AY/ INSfKANCK INFORMATION INSTITUTE BY THOMAS E.O*MAM OMkiMM. BmtS TnMM ANoHttlMi •1 tnymvmrnCUbm > I I '■ A cotton plant’s nutrient re quirements are much less than those of peanuts or alfalfa. Q. A friend of mine has urged me to buy shares in Washington Gas Light. He says I can get S'i percent interest and that the price will go up. I got burnt on the same kind of advice about Tucker a few years ago. I am a retired fireman and have several thousand dollars to invest. A. No fireman wants to get burnt twice in the same fire. BUT . . . your problem is that you have different types of friends. With the one who tipped you on Tucker, who needs enemies? Tuc ker stock (remember the revolun- tionary auto?) was about as spe culative as stock can get—and it never got off the ground. To say the least, the judgment of your friends has improved since then. Washington Gas Light does yield about o'z percent. More! important, it has a fine growth! record over the years. Since you are retired, you may want to' look at Gas Light’s convertible: preferred series of stocks that: can be bought at prices to yield' 6 percent. Or even better in ] terms of income, their non-con vertible preferred can be bought to yield a little better than 7 per cent. ! Moral; If you buy stocks on I tips, make sure you have blue- i chip friends- or, you won’t get burnt if you don’t play with fire. Have you a question about in vesting? Mr. O’Hara, editor of the monthly magazine, “Better Investing", and one of the na- A. Actually you will pay so cial security taxes at the same rate as in 1967. However, you will be paying on $7000 instead of $6600. as you will pay $17.60 more in social sc'curity taxes this year. Q. Why does the earnings base continue to increase? I remember when we were taxed on only $3000. A. When the program started, the earnings base was only $3000 and this covered 95% of the na tion’s total payroll. As more and more people in^tvaged their earn ings. the percentage'(5f"4Iie total earnings covered decreased. The earnings base of $7800 for 1968 covers about 84% of the total earnings. To meet the higher cost of living, a benefit increase was needed. This increase was made passible by increasing the earn ings base. Also, you and your family have more protection as a result of this raise in the earn ings base. Q. I have heard that social se curity taxes have gone up in 1968. FFA Team Places Third WINGATE The District VI Future Farmers of America (F- FA) competition pitting 60 south- centml North Carolina FFA chap ters against each other in the last leg before the state contests was held last weekend on the Wingate College Campus. Representatives from over 60 schools were chosen to represent dist^ct VI in the upcoming state FFAT'OU.test which will be held on the N. C. State University campus in June.-v tion’s recognized authorities, will answer as many as possible in his column, but must limit ques- ; tions to those of more general interest. Correspondents will re- I ceive a free copy of “Better In- I vesting". Write to T. E. O’Hara, National Association of Invest ment Clubs, Dept. S., Box 1056, i Detroit, Michigan 48231. The Kings Mountain FFA Chapter Parliamentary Procedure team consisting of the officers of the local FFA chapter placed : third in that contest. ! The Crest High School livestock ’ judging team placed a second and j that school’s Quartet placed i third in competition with the ! other schools. i The North Carolina Heart As- ‘ sociation is an affiliate of the : American Heart Association and ! is dedicated to the conquest of heart and blood ves.sel disease ; through research, education, and I community service. )/ New Winner At ft Southwell Ford V -'68 TORINO '68 Torino wins the Riversicie 500, Virginia 500, Southeastern 500! Plus Class C Mobil Economy Run an(i Pure Oil Performance Trials! It also outsells every car in its class. Come See, come save. MUSTANGS AND FORD XL's SPECIALLY PRICED I Vf FREE TICKETS to the "WORLD 600 Two FREE Tickets on every new Ford solci. Limited supply. Hurry. Visit Ford's Special High Performance Tent At the Grandstand Entrance at the World 600, May 26, Charlotte Motor Speedw ay. Mustangs PRICES START AT $2295 Southwell Ford CuIoHe short cut,., to the land of sand ■and surf. Our Tyrolean two piecer, flippant and fun in 100% cotton with the bright touches to make it stand out at any. beachy gathering. Sizes 5-15. $17.95 NOW OPEN FOR BUSINESS Brenda's Hair Styling laOO North Piedmont Ave [Across from the Depot Register Thursday, Friday and Saturday BRENDA SESSOMS COGDILL Owner . Operator Register for free prizes to be given awoy via a drawing on Saturday. Absolutely no purchase required to regt ister for free permanent wove, tree hair style and free can of hair spray. Opening Week Specials—^Monday through Thursday of Next Week Permanent Waves. Reg. $35, now $25; Reg. $20, i now $15; Reg. $15. now $12.50, Visit urenda's ior all your beauty needs Open Tuesdays through Saturday 9 A.M. - 5 P.M. Closed on Mondays 300 North Piedmont Ave. Phone 739-465f The empire of Tyrol... the setting for this cagey swimmer with a fresh, saucy air. 100% cotton shaded to play up sun-kissed skin, lively with a sprig V of edelweiss. \ Sizes S-15. $17.95 vy Other Bobbie Brooks S wim Suits From $12.95 McGinnis Department Store Phone 739-3116 S. Battleground
The Kings Mountain Herald (Kings Mountain, N.C.)
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May 23, 1968, edition 1
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