The gamecock. (Columbia, S.C.) 1908-2006, April 06, 1984, Page 5, Image 5
April 15
Tax time al:
By Marisa Porto
Big Brother isn't the only one watching you 11
ternal Revenue Service is also out there, and th<
thing.
USC students who work are among those wh
returns before April 16, said South Carolina Fai
Adviser Lonnie Franklin.
"Chances are that if you are a student, yo
enough income to get a deduction. The federal j
fers a total of $3,300 dollars in deduction for s
"CHANCES ARE if you are the typical c
you won't have enough itemized deductions to
your while. If your itemized deductions are i
allow you a $2,300 deduction and a $1,000 p
tion. The picture changes when you are in th
Franklin said.
If a student works, she said, the tax tips are
to their parents.
"The only advantage in being a student is tha
your parents. If you earn income, you are r<
taxes. The only advantage is that your paren
deduction for you after 19, which they norm
do," Franklin said.
Working students in certain situations may
Qrp l ri q Kpft^r nncitir\n fnr tov \r>t ir\nc 17 r
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"THERE ARE alternatives. A student who ii
A
TiteM
Tra
For Nu<
Ml
^&tr
l It's
on a Navy ship.
I The Navy has 3
more than 1,900 *355
reactor-years of nuclear L.
power experience? eSSi
; more than anyone else
in America. The Navy
has the most sophisti- J r .
cated nuclear equip- j
ment in the world. And BBS
the Navy operates over half c
reactors in America.
With a nuclear program
I know the Navy also offers the
i hensive and sophisticated nu<
Every officer in the Nuc
completes a full year of grad
ftraining Outside tl
kind of program would cost y<
: In the Navy, you're paid whi
Then, as a nuclear-traim
: supervise highly trained per!
operation of the most .
advanced nuclear ' n
propulsion plants ! [J
ever developed. You i
get a level of technical j,(
and management I
experience unequalled | N
anywhere else. ( a
You get important I c
responsibilities and you I s
I AN
3 F
i l
i :
N
Get. Ill
so difficult for
his education is not tax deductable
l 1984. The In- that he is interested in, then his s<
:y don't miss a She also said students working
job can deduct commuting expen
o must file tax "Scholarships, grants and gif
rm Bureau Tax teachers, their incomes are not
sidered a form of a scholarship or
u won't make perform those services," Franklir
government of- She said continuing educati
ingle students. students also have tax options.
ollege student, "siululin is who may oe g
make it worth divorce and who have a child cs
minor, we will household status. This is benefic
ersonal deduc- are better off not getting married
e real world," same amount of money.
beneficial only "When they get married, they
starts to work and a significant d
it it will benefit curs, they will find it advantageo
squired to pay a two-earner married couple tax
its may take a called marrage penalty," Frankli
ally could not Students should file a tax r
Franklin said.
find that they "If there is money taken out o
anklin said. taxes, then you certainly should \\
should be aware that if they are
s just studying, are deductable, even if they take t
treasure chest full of ner
ost Sophisticate!
lining Ground
clear Engineerin
On The Ground.
Navy is
challengi
i - _ _ ^ I ing caree
- - 4 I man can
WKI^^SKBStKBKmUtBM that choi
)f the nuclear while you're still in school.
juniors and seniors earn ap
like that, you $1,000 per month while the
mostcompre- As a nuclear-trained o?
;lear training. years with regular promoti
lear Navy increases, you can be earni
uate level $40,500. That's on top of a f
lie Navy, this age that includes medical ?
su thousands. and 30 days' vacation earm
le you learn. As a nuclear-trained o
ed officer, you earn a place among this na
sonnel in the qualified and respected pre
-j if you're
avy opportunity w 345 math.ei
m form ati on center i the phv4
O. Box r>00(). Clifton. NJ 07015 ' , \ . *
I send in
I Please send me more information about ' E\'nfl /-v.,1
ecoming an officer in the Nuclear Navy. (0N) I
I the mos
ame | cated tr
hirst (I lease Print) Last |
ddress Apt. IOF nUCli
ity ' ing. Tod
lute zip | Navy.
ollege/University |
He tYenr in Collpf{e *GPA ^
lajor/Minor 1
'hone Number
(Area Code) Best Time to Cull
his is for genera) recruitment information You do not have I
? furnish any of the information requested Of course, the j
lore we know, the more we can help to determine the kinds
f Navy positions for which you qualify j
favy Officers
snonsibilitv Fa
Qtnrlontc ariim
U IUUUI I IU; UU V U
. If he is working in the field business expenses a
:hooling is deductable." itemize their persona
at night on more than one
ses. SHE SAID the stai
ts are not taxable. Student ed tax return version
taxable, because it is con- "The federal gov<
grant. Those students must students can use th
? <taiH federal government
Dn students and married can fill both out in j
Out-of-state work
returns, she said,
oing back to school after a "If they have earr
n claim unmarried head of have to file a state t
ial. Students living together state," she said,
if they make approximately
THE BEST place
Building on Sumter
lose money. Whenever one Automatic extensi
not make the Anril
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js to get married. They have Most of the pen
deduction to offset the so- any additional taxes
n be getting a refund,
eturn to receive a refund, there are not
the taxes per month
f your pay check for income percent. For each m<
ant to file a return. Students no nee^ for this to e\
self-employed their expenses extension. Chances a
he zero bracket amount. The fund anyway, Frar
nories ? Garnet & Blacl
I The Go
J selling ca
the Outds
on Frida
Lg & Saturc
12 p.m.
Lc ?
J The GAMECOCK ia
newspaper o( the Univer
Carolina and ia publishe
a week on Mondaya, We
Fridays during the tmli
I Hemeatera and weekly on
during both summer nessi
! exception of univeraity hoi
' amination periods.
Opinions expreaaet
GAMECOCK are those o
and not thoae of the Univei
! foi-nlin.
foct Rpffliicp The Board of Student
last, because and Communications is th?
ivy as vour gamecock. the sti
J . Department is the parent t
re grows, SO do of the GAMECOCK.
i ] i-* ? Change of address forn
>OnSlDlllLlGS. tion requests and other cor
,,,'c Mn/<loar * should be sent to the G
lySINUCieai Drawer A, University
)ne of the most Carolina. Columbia. S.C.
. Subscription rates are $
ng and reward- year, 58.00per fall or spri
, . and $3.00 for both summ
r CnOlCeS a Third class postage paid s
make. And s the gamecock is a 1
ce can pay off dent organization of the I
r\ it* j South Carolina and recei
Qualified *or Student activity fees.
proximately
y^finish school.
3d each year.
fficer, you also ' = K|^*f'g|
tion's most f 385SI1
)fessionals. So,
majoring in
lgineering or 1119^ J BBSS
>ical sciences, ^H ;!
the coupon. ;' I ;
: more about
fiiniriP" PTOimd W/'lW'm'
>ar engineer- I I iB
ay's Nuclear I LJS
wsm mm
>er says
re deductable even though they won't
il deduction," Franklin said.
te and federal government offers shorten
is ior siuaenis.
enrment offers the 1040EZ form. Most
e shortened state form (1001 A) or the
1040EZ form if they are single. Students
j matter of minutes," Franklin said.
;ing students must also file income tax
led income while in South Carolina, they
ax return even if they come from out of
: to find a form is at the Edgar Brown
Street.
ons will be given to any students who can16
deadline, Franklin said.
alties for not filing on time are based on
due. If you don't owe any taxes but will
there are no penalties.
additional taxes due, then the percent of
plus interest and the failure to pay is five
Dnth the maximum is 25 percent. There is
/er come up because there is an automatic
ire, students will probably be getting a reiklin
said.
k
lden Spur will be
ises of can beer for
oor Concert
y morning at 11:00
lay 9:00 a.m. to
(noon)
the student 1
ity of South I ^ - s L.
d three times 1 r- ^ TTT1 j ' ^
MS ^^.Whats^;
Wednesdays S A w . . n .
BS."252r I r * interesting r ;
f the'cdi/ora r C h al 1 <? II fll IIQ 1 >'
-sity of South 1 ^ " *'
Publications r 'RBWdrOlflQ? V
( publisher of 7 '
organization ^Reporting, >
>s, subscrip- r /" , 1 1
aXcocT r tor the 7.
of South -1 y-?? 1 a "
29208 vCi^mpcock'
15.00 for (1) v VJ C1I1 IV. .
njf semester r -|-? -? -1 >
*rco*umbui v Room. 321
icensed stu- r? D 11 U Aiirn^
Inivernitv of IXU^Cli 1 1VJU9C
ves funding ' V U J ? x r *"
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