Historical Newspapers of South Carolina

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PAGE SIX THE NEWBERRY SUN, NEWBERRY, SOUTH CAROLINA THURSDAY, FEBRUARY 9, 1961 Tips on Touring By Carol Lane Women's Travel Authority Safety Award Anniversary Next month marks the tenth an- niversai'y of the only national pro gram honoring women’s work in the field of traffic safety. The program is the Carol Lane j Awards for Traffic Safety. It is ad ministered by the National Safety Council through 'a grant from Shell Oil Company. The program honors nine women or women s groups that develop and direct out standingly effective traffic safety programs during the 18 months preceding June 1 of the year in which award entries are submitted. The deadline for the 1961 Awards is June 1 of this year. What constitutes an aw r ard- winning program? Winning proj ects have ‘included: retraining programs for adults, a traffic safe ty training clinic for pre-school children, driver edn^-:.: pedes trian safety and development of public support for legislation af fecting traffic safety. Awards are given in three cate gories : rural areas and cities under 25,000 population; cities of 25,000 and over; statewide projects. In each group are three awards: first, a $1,000 Savings Bond and a bronze sculpture symbolizing w’om- an’s protective instinct; second, a $500 bond and a plaque of the sculpture; third, $250 in bonds and the plaque. First place winners attend the National Safety Congress in Chi cago in October as guests of Shell Oil Company. For an official entry blank, or further information, write: Mrs. Eugene Carroll, Director, Carol Lane Awards for Traffic Safety, National Safety Council, 425 North Michigan Avenue, Chicago, 111. RITZ Theatre THURSDAY Jerry Lewis, Ed Wynn, Judith Anderson. Count Basie and His Band, Anna Maria Alberghetti Cinderfella FRIDAY A SATURDAY Jimmie Rogers, Luna Patten, Chill Wills The Little Shepherd Of Kingdom Come Children 25c; Adults 50c MONDAY & TUESDAY Diane Baker, Lee Philips, Wallace Ford less Of The Storm Country CLOVER LEAF DRIVE-IN Theatre FRIDAY & SATURDAY Guns Of The Timberland Alan Ladd, Jeanne Crain Aded Color Cartoon—Dixie Fryer SUNDAY Ice Palace Richard Burton, Robert Ryan, Carolyn Jones, Martha Hyer Added Color Cartoon—Doggone People Your Federal Income Tax Q. May I deduct the closing cost incurred in the purchase of a home ? A. Closing costs incurred in the purchase of a personal resi dence is not deductible. How ever, the cost of obtaining a loan on rental property is deductible but should be written off over the life of the loan and a pro rata portion deducted each year. Q. My minor child had income of less than $600 during 1960. Am I required to include his earnings on my return in order to claim his exemption ? A. The income of a minor child should not L>e included on the return of the parent, even though under the state law the parent may have the right to the income. However, in case the child’s income is in the form of wages, he should file his own return in order to receive a re fund of any withholding tax which may have been deducted from his earnings. Q. Dividends payable December 31, 1960, on my savings and loan account were posted in my pass book on January 3, 1961. Should these be reported on my 1960 in come tax return ? A.. Yes. Some so-called divi dends, such as paid by savings and loan associations, are con sidered “interest” fqlr income tax purposes and must be re ported as such as the exclusion and credits for regular divi dends do not apply to these payments. Interest must be re ported in the year of receipt, either actual or constructive. Interest on saving and deposit accounts is constructively re ceived by you when credited to your account and subject to your withdrawal even though not entered in your passbook. Q. My husband died in May 1960. Am I entitled to file a joint return for 1960? A. Yes. You are considered to have been married for the entire year and, unless you re married before December 31, 1960, you may file a joint re turn for you and your deceased husband. Such a return will af ford the benefits of exemption and tax computation of a joint return which would have been available had your husband not passed away. Q. A charitable organization placed a 6th grade student in my home during a part of 1960 under a written agreement to provide educational opportunities for him. This individual fs not related to me. Can I deduct the amount I spent for maintaining this student in my home? A. Yes, to a limited extent. A person may deduct as a char itable contribution the amount he pays to maintain a full-time student (12th grade or lower) in his home. The student must be someone other than a depen dent or relative and a member of the person’s household pur suant to a written agreement with a charitable organization. The purpose of the agreement must be to provide educational opportunities for the student. The amount you may deduct as a contribution is limited to $50 times the number of full cal endar months during which the student resides in a household. This provision is effective only for 1960 and subsequent years. Q. My employer requires me to submit a detailed expense ac count showing the cost of my travel, meals and lodging. He then reimburses me for these expenses. How do I report this on my return ? A. You are not required to report these expenses as income nor to list the expenses, provided you state in your re turn that the amounts which you received as reimbursement or other rilowance did not ex ceed you; ordinary and neces sary bu iness expenses. These expenses must have been incur red solely for the benefit of your employer. GET YOUR.... “Sav-O-Meter” FREE! What is a “Sav-o-Meter”? A “Sav-o-Meter” tells you at a glance how much you will have from 1 to 20 years, by saving from $1.00 to $100.00 per month with Divi dends at the Current Rate of 4 A per annum, com pounded semi-annually. It is a fascinating calculator, so simple even a child can operate it. Call by the office and get yours today. CURRENT DIVIDEND RATE PER ANNUM (Compounded Semi-Annually) AVIJVGS AJVD Loan A.Ss o giatioa t INSURED S AV I N G S T N S T I T U T 1 0 N F O. U N D E D 19 3 5 1223 COLLFO'E STREET, NEWBERRY, S. C. J. F. CLARKSON M. O. SUMMER Branch Office: Batesburg, S. C Directors G. K. DOMINICK J. K. WILLINGHAM i ADDING TO THE MALL ... In Kalamazoo, Mich., workmen are buiy constructing a block-long addition to the city’s down town mall at a cost of S24.000. “This is nuthin’! ... You shoulda’ seen the one that got away with my wife!” , v . ,. C'MOV, DAD. YOU PROM/SED TO G'VE ME A DR/V/A/G LESSON TODAY/ NEW AMERICAN EMBASSY . . . Nearly completed in Loudon is the new American embassy designed by Eero Saarinen in Portland stone with aluminum trim. It has incensed some tradi tionalists. il MUSIC FOR MOM Easy to Listen to—Select ed Popular Music especial ly for the Moms every where. # # • ® & heart beat of • main street WKDK 1240 Kc. CAROLINA METAL WORKS Sheet Metal - Heating - Air Conditioning COLLEGE ST. EXTN. TEL. 115 A. G. McCAUGHRIN, President & Treasurer. Auditor s 1961 Tax Assessment Notice Returns of personal property, real property, new build ings and real estate transfers, and poll tax are to be made at the County Auditor’s Office beginning: January 3rd., 1961 THROUGH February 28th., 1961 ! All able-bodied male citizens between the ages of twenty- one and sixty are liable to $1.00 poll tax. All returns are to be made by Tax Districts. Your failure to make return calls for penalty as prescribed by law. RALPH B. BLACK, Auditor Newberry County