Newspapers / The Kings Mountain Herald … / Sept. 21, 1972, edition 1 / Page 16
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THt ICIWGS MOUNTAIN MtftALD. KlN^S MOUMTAIN. N. DEEDS nxnyiBS an us Molarslup To Veterans Ttiuruf«y, Septemb'ef II, If71 HIGH POINT. — Beginning Q) I understand that many tax- dependaets. payers can claim a “special with- i Q) Is it true that employed tax holding allowance” to reduce the payers with child care expenses __ _ „ amount of tax withheld from may get a larger deduction next Jan. 1, 1973, Sigh Point'coliege their pay. Does this mean that year? will provide $1,250 in scholarships they can claim an additional ex-1 A) Yes. The Revenue Act of each new veteran who at emption when they file their tax, 1971 has greatly liberalized the, tends the college. deduction for the care of children By JANICE CHRISTENSEN Some individuals confuse sav ing money with scrimping and doing without. ■But saving is a positive act that leads to desired goals, not a negative act of selfdenial, as serts Mrs. Mary Parham, home economics extension agent, Gran- Villle county. To save, one must plan. De cide how much you can or need to save each week or month and pay yourself first, the agent ad deductions or other planned sav- return, A) No. The “special withhold ing allowance” is like an addition al exemption, but for withholding purposes only. You may not claim ings programs make it easier i additional exemption on your for them to save systematically, I return. A special withholding she adds. I 3*i°wance should not be confused with the personal exemption or Money saved can bring more dependency exemption. The-latter happines.s and peace of mind, i may be claimed only for the tax- Evory individual or family will' payer himself or for each of his some lime. Savings can ease the and disabled dependents and veteran will receive a strain of worry and confusion. minating finance charges. CLOTHING TIP spouses; 'Beginning in 1972 cer- scholarship when he is ac- tain taxpayers will .be able to de- i admission to the col- duct up to $400 per month for!® scholarship each .Saving proxides a cash reserve that will allow perosns to take advantage of sales and to pay. Unhappy with the performance Ises. Many persons fined payroll cash for large items, thereby eli- of an article of clothing? Smart consumers return unsatisfactory The Twilight Zone Presents Back To School Wardrobe merchandise promptly to the store whore the purchase was made, and discuss the problem with the store manager, who in all pro.jability will make a satis factory adjustment. BACK TO SCHOOL PRICES! Low Rise & Baggie Jeans - SIZ-OO Knit Shirts lor Guys & Gals -$14.00 Complete Line ol Accessories King Size Waterbeds - $19.95 For The Fashion Look Come To The Twilight Zone ms. DEAL ST. KINGS MOUNTAN, N. C. If there is a ’-r ' ;;n of "crack ing”—dar' bright dyes rub- bin- o" ..u not have the gar- ... ay cleaned or laundered be fore filing a complaint, advises Mrs. Martha Adams, home econo mics extension agent, Richmond county. If you return a garment be fore cleaning or laundering, there is no question that the fault lies in the fabric rather than in the cleaning method. CHILDREN HELP “Once the children started help ing, house keeping got a lot eas ieh,” notes Mrs. Carolyn Bell, a Cleveland county. household and dependent care ex penses. However, taxpayers with adjusted gross incomes of more than $lS,qoo for the tax year, must reduce the otherwise allow able aixount by 50 cents for each dollar of adjusted gross income over $1,9,000. For example, a tax payer with an adjusted gross in come of $20,000 might be limited to $3,800 for the tax year (the maximum annual deduction of $1,<S00 less one-half of $2,900) if he made payments for these ex penses incurred during the year of at least $400 for every month. To qualify, a taxpayer must be gainfully employed and provide over one-half the cost of main taining his household that in cludes a dependent child under 15, a disabled depenent of any succeeding year over a four-year period. The new proposals to assist vet erans was approved Sept. 15 by Dr. WendeT M. Patton Jr., presi dent of the college. Presently there are 58 veterans attending the college. They can take advantage of the new pro gram starting in September of 1973. age, or his disabled spouse. These Mrs. Bell, who is employed out side the home, took advantage of some time- and energy-saving tips she heard at an Extension Homemakers Club meeting. “Homemaking is easier when everybody helps and when each person does his share to prevent extra work," she told Thelma Mc- Vea, home economics extension agent. qualifications apply to both hus band and wife when the taxpayer is married. For more information on child care deductions, write your In ternal Revenue district office for a free copy of IRS 'Publication 553, “Highlights of 1971 Changes in the Tax Law.” Ql'Is the cost of sending a hand icapped dependent to a special school a deductible medical ex pense? A) Yes, if the taxpayer item izes deductions and does not claim the expense as a child or disabled dependent care deduc tion, payments for sending a mentally or physically handicap ped dependent to a special school are medical expense If the prin cipal reason for his attendance is the institution’s resources for al leviating the handicap. For ex ample, the cost of sending a blind child to a school to learn braille, or a deaf child to learn ipreading, are medical expenses. They may be included with other medical and dental expenses which are I “We want to give more veter ans an opportunity to continue with their education,” said Arvil VonCannon, a new admissions counselor at HPC. The proposal was formulate-’ ■ y VoCannon and Robert A. We'l Jr., director of admissions. Th' program is being initiated be cause newly demobilized veter ans may not be aware of their opportunities to attend college. CHINOISEiRIE Chinoiserie, or the imitation o’' anything Oriental, has caught or like wildwire. Chinoiserie no' only made its mark on fashior and food, but also in house fur nishings, says Wilma Scott, ex tension housing specialist, Nort' Carolina State University. Bam boo, ginger jars and fire eatin- dragons are ail back in vogue. deductible to the extent they ex ceed three percent of the ta.' payer’s income. In addition, the cost of meal; and lodging supplied iby the in stitution, and of ordinary educa tion furnished incidental to the special services may be deduc tible. Q) I received a cash award from my employer because a sug gestion of mine was adopted. Is the award taxable? A) Yes. An award or bonus given employees for work achiev ments or suggestions is taxable. When youge A you lease a fl^ fi*oni us. I exactly what you order. Exterior options- tinted windshield vinyl rooftop (color) adjustable skde mirror trim package luggage rack other C^ose specify) Interior options- leather upholstery power windows power seat power steering power brakes air conditioning auto. temp, odj. steering wheel other Entertainment- stereo. 2-channel 4-channel radb. AM-FM AM Engines- horsepower no. of cylinders Transmissions (circle one)_ automatic 3-speed on steering col 3- speed on floor 4- speed on floor 5- speed on floor —Suspension standard heavy-duty food-leveler tewing package —Tires whitewall rodbls steel belt —Other needs (please list) Now: just a few nxjre questions. How nnany cars? Hew many trucks? What nnake? What nnodels? \Afe'll take care of everything else. Even (deliver the' cars to their drivers If you wish you may specify your favorite dealen Fa infornnatipn on otha types of vehble leasing,contact your nearest First Union Notional otfee. First Union National O Leasing The Galifianokis Record Where Was Nick? voi THEY'RE AFTER YOUR CHILDREN iWe Experts say the drug addict teachc.s an average ot 6 other people his habit. Especially young people. The ad dicts prey on the unsuspecting. Research shows their easiest targets are the teen agers who don’t understand that heroin kills. J ieed a senator wlio jvvill devote his lull efiorts (to figliting tile drug problem. A scnatoi' who will be there to inlroduci' and vote lor new and effective drug measures. Congress is Trying to Help We need a senator who cares about drug addiction and young people. This year there were four major votes in the House of Representatives on the civilian aspect of the drug prob lem. They were important votes. On good bills. "Where's Nick?" W One Coitgressman Didn't Help Of the four major drug votes Con- gressmah Nick Galifianakis of the 4tli district of North Carolina missed Every One. NICK GALIFIANAKIS HAS A 100% ABSENTEE RECORD ON THESE DRUG VOTES A Congressman who was present for all four anti?drug votes told us that during the roll calls he would look across the floor of Congress at Galifia nakis’ empty desk and ask himself, “Where’s Galifianakis? Where’s Nick?’’ Ai You know what. the 1 Cent His record reads as follows: Everytime we see a Galifianakis sticker, everytime we see a Galifianakis billboard, everytime \ye see one of those expensive Galifianakis TV ads, we think about those missed drug votes. 'pr iion.- on Feb. 3 Galifinakis absent on Feb. 3 Galifianakis absent on Mar. 16 Galifianakis absent on May 1 Galifianakis absent We think about the addicts who are trying to kill your children. And we ask ourselves the same question: “Where was Nick?’’ Where was Nick? Where was Nick? Sponsored by Doctors Against Drug Abu.se HUBERT POTEAT, M.D., CHAIRMAN WEATHER BULLETIN! She M V , V-i I the exciting new OIL HOME HEATER O AUTOMATIC . CONTROLSI « Just DIAL your comfort! Push a button to start or stop the FLOORSWEEPl now gives you amazing FLOOR Hiff, Tlie golden louvers in the floor heat outlet are motor driven to rotate back and iortbr—sweeping the heat over the floor, AQ new in perfonnanc^ styling and ezei^ colors^ this new RTRrtT.Ti!i| 1 l^yoa a new dimeaidoo in heating oam&nrt See it soon!
The Kings Mountain Herald (Kings Mountain, N.C.)
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Sept. 21, 1972, edition 1
16
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