Historical Newspapers of South Carolina

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2 The Clothmaker PUBLISHED MONTHLY DY CLINTON MILLS EDITED BY MACK PARSONS. EXT. 54 I Ah Era of Progress t If each New Year seems to come up faster, it isn't necessarily your age. but it could well be the age in which we * live. The last 75 years have marked the great era of progress in science and | technology in our history. Changes that once took generations to fulfill ( now become realities in a few years. Computers, space travel and instant ? communication by satellite signify the ' times in which we live. t Yet. some things never change. As x human beings we still must work to- s gether in harmony if science and t technology are to bring us any real t benefits from sophisticated machinerv ? ^ L While we may be able to keep up * with the technological changes that f surround us through education and 1 training, we should not forget to also * be aware of each other. This coming year can be o"" of excitement and c benefit to each of us if we can learn t] to conquer the greatest machine of all. ' Ourselves. Then, it will be a truly ^ HAPPY NEW YEAR for all Clinton 1 employees. ' c Ton (roals for "72 j 1?Win acquaintances and keep friends. 2 ? Listen more and argue less. i 3 ? Show your appreciation when- s ever possible. t 4 ? Greet people with a smile in ' your voice. 5 ? Let your virtues speak through 1 your deeds. I t fi? Accept criticism graciously; ex press criticism neipiuiiv. 7 ? Use your own good common sense ' with good will as a guide. 8 ? Do your best in whatever you j try. , 0 ? Plan your objectives and work that plan. 10 ? Encourage, congratulate, sympathize. understand; in short, treat t others as you would wish to he s treated. t 'Cont'd from page 1" Changes in Federal nay have more than the correct imount of income tax withheld from heir pay. Each single person and each married icrson whose spouse is not also cm)loyed is entitled to one "Special Withholding Exemption." This allowince may not be claimed by either uisband or wife when both are cm>loyed or by any employee who has wo or more concurrent jobs. "You nay claim all the exemptions and illowances to which you are entitled," he Commissioner's announcement tated. "However, you may not claim lie same exemptions and allowances vith more than one employer at the ame time. You must also file a new ertificate if the number of exemptions md allowances you previously claimed lecreases." The number of an cmjlovee's exemptions will change when: i) marital status changes, b) dependent s born or dies, e) support for a de>endent begins or stops. If an employee expects to itemize leductions, he or she may qualify for idditional withholding allowances and lave less federal income tax withhold. r<? avoid owing federal income tax at he end of the year an employee may ncrease the amount to he withheld by '(aiming fewer or zero exemptions or Social Security Information 30 Million Women Earn J Close to 30 million women are earnng social security protection for themelves and their families through their >\vn work, according to J. C. Bagwell, social security district manager for jfrcenwood, S. C. "The working woman has both disability and survivors protection," Mr. -?agwen saui. "ii sno becomes unable o work for a year or longer because >f a disabling accident or severe illness, he and her dependents may be eligible or monthly cash payments from social ecurity." In some cases, social security helps >ay the costs of services from a State ehabilitation agency. So. she might dsn he eligible to get help in getting jack on her feet and returning to work, dr. Bagwell said. If n wnrkini' uminnn riine r>rnm-> urely, monthly cash payments from locial security can help her children hrough school (until they're 22. if they CLOTHMAKER I Thy Witlllinlrlinnr L Jt- X ? T T m. JL A by requesting that the employer withhold more. If no tax liability is expected this year and there was none last year, federal income tax withholding may be avoided by filing M Form W-4E. For wages paid after January 15, 1972 new rates of withholding will be used based on the following principal changes: 1. The value of a withholding exemption has been increased from $675 to $750. 2. The low income allowance has been increased from $1,000 to $1,300. 3. The standard deduction has been increased to 15 percent, with a $2,000 ^ limitation. 4. The Social Security tax base will be increased from $7,800 to $9,000. Both the employee and employer will contribute at the same rate of 5.2 percent on the higher base. This means that an employee who earns $9,000 or more during the year will pay $4(58 toward his retirement benefits compared to $405.(50 in 1971. Each employee's assistant overseer has a supply of the new Form W-4. To ^ change the withholding to fit the new law. one must complete the new form and return it promptly to his assistant overseer. Social Security Protection remain full-time students and un- married). "If a working woman's husband is <>2 or older and dependent upon her for his support, he also can be eligible for monthly social security payments on her work record, "Mr. Bagwell said. "Even though her husband may be working at a full-time job, her children are still eligible for benefits on her work record," the district manager noted. On her own work record the work- ^ ing woman can retire at (52 with reduced monthly cash payments. Or she can wait til she's 65 and net full monthly cash benefits. Hi t, if she could collect higher benefits as a wife on her husband's record, she can choose to collect the higher payment. * * * English is a funny language. A fat chance and a slim chance are the . same tiling. "