Newspapers / The Kings Mountain Herald … / June 22, 1972, edition 1 / Page 12
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P«ge Six ¥Me MdUNTAIN MEIUL5. klN^S MOUNTAIN. N. 0 TAXPAYERS ASK IR S Thursday, tlune 22, 1972 This column of questions andj A) Mo. Rocause of recent answers on federal tax matters I changes in the tax law, the v/ith- Is provided iby the local office | holding tables make the amount of the U. S. Internal Revenue cf tax withheld for 1972 more ^rvice and is published as a pu* closely match your tax liability blic service to taxpayers. The for the year. In fact, many tax- ^lumn answers questions most, payers should reduce their with frequently asked by taxpay<‘rs. Q) I owed $50 this year when 1 filed my Federal income tax return. Should I increase the a- mount of tax withheld from my pay? . One noun niminm. titled. , Q) Can an employer take a Q) It has been two months business expense deduction for since I filed my return. When wages paid in excess of those am I going to get my refund? permitted by the Economic Sta- A) If it has been at least 10 bilization Program? weeks since you sent in your re- A) No. Payments of wages, turn and you have received no as well of rents and prices, in word about it, then write the excess of those permitted by the Internal Revenue Service Cen- Economic Stabilization Program ter where you sent your return, are not deductible as a business The Service Center will need to expense. i Q) My father pays my tuition VV 1, Employees’ Withholding!mailed, your Social at college. Can he include the Exemption Certificate, with their' number, theexact name cost of tuition in the amount claiming all the ex-address shown on your re-i of total support he furnished me ! turn and your present address if when figuring out whether or i dif.erent. ! he can claim me as a depen- Q) Is there some way I can! dent? I get a credit for gasoline I use! A) Yes. Total support includes I in my boat? | expenditures for education. A ! A) Yes. You can claim a ere-1 scholarship, however, is not in- I bility for a portion of the Fed-1 l^i^ a Federal employre. | ® ^ 'oral tax on gasoline and lubri-1 ste amounts I contribute LETTER TO THE EDITOR hf)!ding and increase their take- home pa.v by filing a new Form | approximately when your ' return was mailed, vour Social employer emptions to which they are en- m MOST IN DNY CLEANINO ‘FREf’ STORAGE AND MOTH PROOFING MON., TUES. & WED. SPECIALS MEN'S OR LADIES 2-PIECE 2 SUITS S2.09 Dear Publiic: I would like to take this oppor tunity to thank all those tha' hc.ped make •‘'Ladio.^ in Retire ment” a success. First of aW, my Cast for a job well dene, and for giving it so much of their time to make the Kings Mounitain Little Theatre a good theater. I would also lake to thank Kathy Cox for back stage and lighting, and also Xancy Wiesener and David Pat terson for helping with the set, . and preparation for opening I night, as well as Hetty Cox. I wx)uld like to thank Caveny’s Antique Shop and 'Mrs. Louis Baity, Mrs. 0. O. Walker and Mns. urn Qfi tbe’r fiMTii^nrc helo make the setting the right set- aig. I could go on thanking people, but before 1 stop let thank you the public** lor your sup- )^t. Without you the Kings Little Theatre is no thing. We invite you to come out and join us, grow with us In a world that lets you oecome an- C'jhex po.son in another life, and bring the ownwatchers hours of pleasure. Everyone is welcome. With sincere gratitude and apprecia tion, I thank you. Sincerely, .Steven H. Baity Steven Boheler In Honor Society I eating oi* you use for nonhigh way purposes (in a boat, lawn I mower, power saw, generator, [etc.>. The credit is two cents a j gallon for the gasoline used and , six cents a gallon for the lubri- I eating oil. You claim the credit year ; by filing Form 4136 with your ; Form 10-10 for the year. For i more information, see ipublica- I tion 37S, “’Federal Fuel Tax Cre dit or Refund for Nonh’;yh'way I and Transit User'- ’* available free from v'"*- jca! Internal Revenu'' c. .l^e office. Laser Piogiess iReingMcde to the United States civil Ser vice Retirement and Disability 'Fund taxable — at retirement or each year? A) Such employee contribu-j tions are taxable in the samel Southern Bell manager they would have been in j Moore announced today that pro- E'leasant surprise this week as a eluded in income if they had I gress is being made at Bedl Labs result of a new plan initiated been paid to the employee di- j on lasers that could revolution- Southern Bell, rectly. Thus, the contributions ize the telephone industry -withiin are taxed currently instead of, 20 years. R. B. KM Customers Get Savings Some Kings Mountain tele phone customers are getting a The plan is called “Snip and Steven Randall Boheler, a 1972 ^raduace of Kings Mountain High 5jh3C'l, was recently inducted into the Narional Ho.nor Society. Mi Boheler was inducted in absentia at Kinston High Sohool, Kinston, North Carolina where he atitond ed the' elevmth grade. He was not notified by Kinston High School officials and wias unaware of his induction unaa LvAuy vviici he was advised by a friend front Kinston. Mr. Boheler is employed as oricklayer by Dean Spears Mason ry in Kings -Mountain. Ho resides with his parents, Mr. and Mrs. Charles H. Boheler at 615 Floyd Street, Kings Mountain, North Carolina. A student must have a 90 aver age and be recommended by fhe faculty of his higli school to be eligible for 'membership to the National Honor Society. The milk ‘bottle was invented bj Dr. Harvey D. Thatcher. A DANGEROUS TYPE OF COUNTERFEIT LADIES I'-PIECE 2 DRESSES. .S2.09 EVERY DAY SPECIAL Shirts Laundered Crisp- Bright Folded or On Hangers EACH 5 loi S1.39 MON., TUES. & WED. IROUSERS •SPECIAL" PLAIN SKIRTS OR SWEATERS MIX OR MATCH OPEN EVERY DAY 7:30 TILL 6 p.iii. EXCEPT SUNDAY r J Can 1 deduct as a charita- oio contribution tuition paid to send my child to a parochial school? A) No. Tuition or amounts in I for services rendered and are I not deductible as contributions, even though paid to parochial schools. Q) I received an automatic two - month extension of time to file my return. Will I be char ged interest on any taxes I owe? A) Yes. Interest at an annual rate of six percent will be char ged on unpaid tax from the ori ginal due date of the return. Q) Are contributions for the purchase of tickets to a political dinner or function eligible for a Federal income tax deduction or credit? A) Yes. The cost of the ticket will be eligible for deduction or credit so long as the dinner or function is clearly in the context cf a carripaign of an announced candidate and is not primarily a device to confer private bene fits in the form of meals or en tertainment to the contributor. Of course, you may not deduct more than $50 ($100 for married taxpayers filing jointly) or claim a credit of more than $12.50 ($25 for married persons filing jointly). at retirement. Q) How can I correct an error on my tax return? I -A) Form 104OX is the pre- ferred form to use to correct an error on your original re turn. The lO'lOX calls only for I information that relates to that part of the original return which you Avish to change. It is not necessary to include all of the information furnished on the 1040 which you filed. -Forms 1040X and instructions are available at your local IRS office. 1 Take," and the surprise is a $5 A laser is a device for produo- credit." jng an orderly tiny beam oflT^ capable of carrying commuhica- ti_.Lr w-'..CnalS. Rell-Sponsoied Shows Did Well According to R. B. Moore, local Southern Bell manager, Bell Sys tem sponsored television shows did well recently at the annual Emmy Awards. Leading the way was the Bell System tribute to Gershwin, “S* Wonderful, S’ Mar velous, S' Gershwin" which re ceived an Ejnmy as “he best va- Right now, said Moore, the best tG'lephcne cable carries 90,000 two-way conversations or their equivalent. But after 1990, Bell Labs scientists believe, Ameri cans will be abKto telephone each other over laser channels wi-th capacities up to 100 million two-way conversations. St^dily mounting telephone traffic, plus the soaring demands by business and industry for transmission of data, are the pressures behind the* search by Bell Labs scientists for ways to increase the capacity of telephone links. The laser is the key to the sci entists goal of creating a radical modCTn means of telephone com munications explained Moore. Re- search is continuing and the .peo- confident that the development of a prac- the tel^hone astern could toe in the not-too-distant future. According to R. B. Moore, tele phone manager here, tihe “Snip and Take" plan aimed at re duicing the loss of telephone sets -left in vacated houses and offices. “It also reduces the expense ol assigning skilled Southern Bell plant people to the job oI recov ering left-in instruments,” Jie said. riety and popular musibal pro- oustan-H* . — gram of the year.** The show^ in musical achievement went on to receive four additional | —- ^ imposition. Emmys for: best direction, best choreography, best musical ar- The option is offered to cu-to- imers moving within their own exchange. Wall sets are not included in the plan because of the way they're mounted, but Trim-line wall sets are incruded since the handset is considered the instru ment. The offer does not apply when customers want to retain their service at the old address during the move. Moore says that the cord can be cut with a pair of scissors, and the set or sets will be picked up by the installer at the new I-otca- ion. The $5 credit is per custo mer, not per telephone. We are not talking about phony bTls and coins that ore being illegally circulated but ra ther the potentially more explosive problem ol counterfeit drugs. This is presently on the in crease and it could lead to chaos in the mar ket ng of new drugs os well as resulting inevit ably in. a serious public health hazeurd. Counterfeit drugs ore mode illegally with out any quality controls ond under the poorest manufacturing conditions. The- resulting drugs cue sub-standard, more often than not without effective potency cmd subject to harmful con- am'nation. A pharmacy only purchases their stocks of drugs from legal and licensed sources. You should also follow this proctice. o 5 .Milk is pasteurized to destroy any harmful bacteria that might be present in the milk before pas teurisation. W YOU OR YOUH DOCTOR CAN PHONE US when you need a delivery. We will deliver promptly without extra charge. A great many people rely on us for their healtti needs- We welcome requests for delivery service and charge accounts. KINGS MOUNTAIN company ’'ME CITY'S MODFRN ST03E PHONE 73P-2571 rangoment, and best technical ar rangement. Moore added that the family | theatre presentation of Jane Eyre picked up the sixth award for] McGinnis annex Selling To Walls COME COLLECT THESE BARGAINS! Spectrum Textured Fibers, Inc. In Kings Mountain Is Seeking Em ployees For Their Winding And Texturing Departments To Work On A New Schedule: LADIES WHITE WORK 12 HOURS A DAY FOR FOUR DAYS FOLLOWED RY FOUR DAYS OFF Four On - Four Off Where Else Can You Work And Have As Much Free Time Away From The lob. AN EQUAL OPPORTUNITY EMPLOYER SPECTRUM Textured Fabrics, Inc. PHONE 739-7401 UNIFORMS 34.95 TO 36.95 VALUES PANTY HOSE ONE SIZE FITS ALL 2 PAIRS FOR JUST JUST 35 LADIES’ * RAINCOATS 35 VALUES SLIPS Sizes 32 & 34, Red, White, Black RLOUSES Sleeveless, Roll-Up and Long Sleeves SHORTS PANTIES • HOT PANTS • LADIES REDROOM SHOES • CHHJIREN'S SHOES • LADIES SHOES ALL-NYLON IN WHITE & COLORS 3 PAIRS FOR NOT MORE THAN groBnai. BIG TARLES ”” OF ASSORTED RARGAINS McGinnis Department Store S. BATTLEGROUND PHONE 739-3116 faj n
The Kings Mountain Herald (Kings Mountain, N.C.)
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June 22, 1972, edition 1
12
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