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The Newberry Sun, Newberry, S. C., Thursday, April 13, 1967—PAGE 7 Income Tax Information Q.—Do I add the 6 percent tax surcharge mentioned by the President in his State of the Union address to what I owe on this year’s return? A.—No, the surcharge must be approved by Congress be fore it becomes law. Q.—I started work on my ’66 tax return and find the new withholding rates have left me greatly overpaid. Is there anything I can do to reduce my withholding? A.—Yes. When the graduat ed withholding rates were ad opted by Congress last year, provision was made to allow additional allowances to tax payers with large itemized de ductions. These allowances take into account the size of the taxpayer’s income and deduct ions as reported on 1966 tax returns as well as income and deductions expected for 1967. Procedures for claiming these allowances are outlined on Schedule A (Form W-4) available at local IRS offices, this schedule and a corrected W-4 must be filed with the taxpayer’s employer who will make necessary withholding adjustments. These allowances cannot be claimed until you file your 1966 return. Q.—I just turned 65. Will my boss stop withholding Soc ial Security taxes from my pay if I go on working? A.—The law requires the employer to withhold Social Security taxes on the first $6,600 in wages paid each employee during the year. The age of the employee does mt change that requirement. Q.—I support my daughter who was recently divorced. Can I claim her baby as a de pendent ? A.—You probably can if you provide more than half of the baby’s support. Check the de pendency requirements listed on page 6 of the 1040 instruc tion booklet. Q.—There is one deduction I forgot to claim when I filed my 1965 return. Can I include it when I file this year? How Will They $pend It? A new emphasis has been added to one of the oldest programs for 4-H Club mem bers. The 45 year-old national 4-H Home Economics program this year features consumer edu cation, according to the National 4-H Service Committee. The reason for introducing the consumer section in the pro gram is because of the need for more guidance in this field in view of the tremendous buying power of American teenagers, a committee spokesman says. By 1970 teenagers will spend from $21 to $30 billion. This compares to $11 billion spent in 1963. In less than three years, it is estimated that more than one- fifth of the total U.S. population will be between 10 and 19 years of age. The purchasing power of this young generation will ex ceed anything in the past. Today approximately 1.3 mil lion 4-H youths are engaged in home economics projects involv ing some purchasing. Most of the members are girls, but with the emphasis on consumer edu cation 4-H leaders expect more boys to participate. Their reasoning is that boys buy clothing, grooming aids, food, furnishings for their rooms, record players, records, televisions and radios. Girl members buy the same things plus small appliances, sewing and interior decoration items. The importance of being an informed shopper is further underscored by the fact that . today’s teens will suddenly be come tomorrow’s homemakers. Club members who highlight consumer emphasis in their projects will be rewarded by Montgomery Ward, the program sponsor. Awards are six national $500 scholarships, a trip to the Na tional Club Congress in Chicago for the state winner, and honor medals for four top members in the county. Winners are named by the Cooperative Ex tension Services which directs all 4-H programs. To help 4-H leaders and mem bers carry out program goals, the National 4-H Service Com mittee has published a brochure entitled “4-H Home Economics with Emphasis on Consumer Education.” This educational aid will show 4-H girls and boys, who contrib ute a sizeable sum to the nation’s economy, how they can get the most for their dollars. Among things to do are (1) become familiar with stores in the community (2) examine quality of merchandise and serv ices (3) check brands, labels, utility (4) compare impulse buying versus planned buying. The young consumers also are urged to study ads, take advan tage of seasonal sales, and learn about cash, credit and install ment buying. A.—No, you cannot. An amended return or claim Form 843 must be filed for 1965 to claim the deduction. Q.—Too much was withheld for Social Security tax as I held several jobs last year. Can I get this refund or credited to any income tax I might owe? A.—Yes, you can. A special line has been added to Form 1040 where you can list excess Social Security *?.x withheld. Q.—I understand that the first $100 in dividends is not taxable. Does that mean I don’t have to list that on my return? A.—All dividends received should be reported on your re turn. Page 2 of Form 1040 has a line where you may take the exclusion you refer to. Note that this is $100 for dividends of qualifying domestic corpora tions. On joint returns where both husband and wife receive dividends, each may exclude up to $100 of such dividends. Q.—How much can you get in dividends before you have to pay taxes on them? A.—The first $100 in qualify ing dividends is not taxble. When both husband and wife have dividends, then each of them is entitled to exclude $100 from his own dividends, whet her they file jointly or separately. Q.—Ihave a company pen sion. Is it taxable? A.—The full amount of pen sion received is taxable if you did not contribute to the cost of the pension. If both you and your company contributed to the pension, that portion paid by the company will represent taxable income to you. The instructions for Schedule B (Form 1040) explain how to handle pensions. Errors cause slow refunds Some 10,443 federal tax re turns without the required W2 witholding statements have been filed so far this year by South Carolina taxpayers and those in the six states com prising the IRS Southeast Region. This means a delay in the processing of refunds until the W-2’s can be obtained from taxpayers according to H. M. McLeod, IRS District Director for South Carolina. Copy B of the W-2 state ment that employers are re quired to give employees is the one that should be attached to federal tax returns, he said. When returns are received in IRS offices without a W-2 for all income on which taxes have been withheld, a letter requesting the missing docu ment is sent to the taxpayer. Until the W-2 is received, or an acceptable explanation of why it cannot be supplied, processing of the return cannot be completed. One of the major reasons for delay in issuing refunds is the failure of taxpayers to in clude their correct Social Security number on the tax re turn. As of last week, Mr. McLeod reported, 2,666 refunds had been delayed in South Carolina and the other six states of the Southeast Region, because of incorrect or , missing Social Security numbers. Mr. McLeod reported that to date other refunds are being held up because of a variety of other errors or failure to com ply with instructions mailed to PROPERTY TRANSFERS Newberry No. 1 George K. Dominick • and Mary Ellen B. Dominick to John A. Whitacre and Eliza beth F. Whitacre, one lot and one building on Nance St. $5. George W. Martin to Mil dred P. Martin, one lot and one building, one-half interest, $5 love and affection. (Yourski property.) Wooten Corp of Wilmington to Sarah Keen and Rose C. each taxpayer with his tax forms. Tax returns filed up to last week included 20,767 without the signature of husband or wife or both. These will have to be sent back to the taxpayer before refunds can be process ed. Returns with errors in arith metic which are causing delay in sending refunds so far total 114,725 and returns where tax payers have used the wrong tax table total 39,840. TAX RETURNS PREPARED T. L. BROOKS Public Accountant Wise St. E.ctn. — Opp. REA Hours: 1-6 p.m. Tuesday through Friday INDIVIDUAL & BUSINESS RETURNS Phone 276-5520 The County Agents Column Who’s To Blame? The Year 1967 is still a young’un but it has been throw ing some wild tantrums as far as its weather is concerned. First, it was a mild spell in late January, early February followed by a record snowfall for this section. Then, more mild weather followed by a hard freeze the last weekend in February. Suddenly it was spring again with flowers blooming and farmers thinking about planting corn, and bang! —another hard-freeze with record low temperatures. Yes Watson, two lots and one building, $19,885.00. W. Fulmer Wells and Henry B. Wells to John Earl Cromer, one lot fronting on Fair street, $5.00. Frank H. Ward, Probate Judge, to Otis Wells Jr., one lot and one building $4,488.85. Newberry No. 1. Outside L. J. Matthews to C. O. Lever and Evelyn L. Lever, two lots, $5 and exchange of property. C. O. Lever and Evelyn L. Lever to L. J. Matthews, one lot and one building, $5 and exchange of real estate. Bush River No. 3 F. M. Satterwhite to C. M. Satterwhite, 1.7 acres, $5 love and affection. Whitmire No. 4 Outside J. L. Sinclair to Continental Can Co. Inc., 104.8 acres, $9,- 432.00. Mildred C. Suber, individu ally, and as testamentary guardian of Mildred Claire Suber, to James C. Suber, John Robert Suber Jr. and Martin Gay Suber, 145.6 acres, $5 love and affection. Aubrey L. Nelson to Mary Alice Thomas Pugh, one lot, $10.00. Little Mountain No. 6 Carl Lindler to James E. .Southerland, one lot, $5 love and affection. A. R. Chappell, Joe N. Wil son and G. W. Cooper, trus tees of Prosperity Club, to H. L. Cockrell and Lawrence Gra ham, 2.20 acres and one build ing $5. Dorothy E. Shealy to Carl M. Regal and Kathleen H. Regal, one lot $2200. George Irby Riddle to Carrol Hugh Shealy and Dorothy Riddle Shealy, 4.64 acres, $5 ’ove and affection. George Irby Riddle to Lewis E. Riddle and Frances E. Dod dle, one lot, love and affection. Prosperity No. 7 W. Smith Petrea and Gay- nell C. Peatre to James H. Counts Jr. and Lynda Pugh Counts, one lot and one build ing $5. Henry Seibert and Ellerbe Siebert to Walter P. Counts, 12.6 acres, $5 love and affect ion. James D. Luther Sr. and Annie S. Luther to Raymond Hair, one lot $700. sir, it seems something is nighty wrong with our weath er but we surely didn’t know vhat or who’s to blame. Guess we’re just like most other folks, we like to talk about the weather though we know perfectly well, there is nothing we can do about it. ’Reckon we’ll just have to follow that farmer’s adage that’s proven more reliable than any other, which is: “Early to bed and early to rise; work like heck— «nH Fertilize!” Let’s Raise Corn! In Newberry county and all over the state, corn is becom ing a crop of increasing im portance. Here in Newberry, much of our corn is grown for silage. This is good for it is in this form that the most actual pounds of TDN for livestock feed can be made from corn. To make high yields we must have fairly thick stands. 12,000 to 15,000 stalks per acre are needed to make 100 bushels of corn or 15 to 20 tons of high-quality silage per acre. In 38-inch rows this will require a kernel spacing in the row of 9 1-2 to 10 inches. High corn yields require heavy fertilization. Clemson recommends for high-yields a total of 130 pounds of nitrogen, 80 to 100 pounds phorphorus and 100 to 120 pounds of pot ash. This would be equal to 800 to 1,000 pounds per acre of a 8-4-12 or 5-10-15 fertilizer per acre plus sidedressing with 300 pounds of 30 per cent nitrogen. On good land some of our farm ers are going to 150 pounds of nitrogen per acre. Spraying for weed control is mighty important too, in raising corn. Atrazine, one of the corn herbicides is about the most fool-proof crop chemical we know about. It can be sprayed immediately after the planting. Many farmers are now laying-by corn at planting time with Atrazine. Immediat ely after planting the added nitrogen with Atrazine mixed in is broadcast sprayed over the field. In this manner all the fertilizer has now been ap plied and with the broadcast application of herbicide, there will be no grass and too few weeds to bother with cultiva tion. Let’s grow more corn this year! MARRIAGES Kenneth Paul Brown, and Margie Ruth Robinson of Whit mire were married March 4 at Whitmire. Alton Lee Tarlton and Mary Sllen Rogers were married at Joanna on March 4. Herman W. Vaughn of Pros perity and Myrtle Roberta Rikard of Newberry were mar ried at Prosperity March 4. Allen Connelly McCormick and Rose Massalow were mar ked March 13 at Columbia. Harold Oliver Sanders and Mary S. Reames of Newberry were married March 15 at Newberry. INCOME TAX RETURNS Prepared Federal & State $3 up J . D . HALL 2162 McCRAVY ST. (Across from Jim Dandy Film Service) T&C DRY CLEANERS “SECOND TO NONE” Safeguard Garments against... MOTHS -:- ODORS MILDEW with Dependable SANEX MOTHPROOFING FREE WITH DRY CLEANING Powell E. Way 1598 Nance St. Ph. 276-4096 Newberry