ft (Sc. 1) Statesman, SaUm. Ore- Thunu Jan. 28. 1854,
YOUR INCOME TAX-3.-
Now About Those Deductions
f (TWrd f Six Articles)
, I ' " Bf FRANK O'BRIEN
WASHINGTON (;p)4-You do not have to pay income tax on all
the money you earn. Th4 law provides deductions for expenses and
exemptions of $600 each for most persons, including yourself, who
live off your incqme. Together, they are a kind of nontaxed living
allowance. i
.There are two kinds q deduc
tions... ;j . :: j ' :
First, Hhere are business ex
penses. You take mosti but not
always all of these out of your
income ! to find your adjusted
gross income. Second come per
sonal deductions, which! you sub
tract from your adjusted gross
Income to find your net income.
(Then you subtract your exemp
tions to find your net taxable in
come.) Business Expense
There are three kinds of bus
iness expense.
1: You may deduct all the "or
dinary and necessary" expenses
of any business you operate, or
ot your trade or profession. You
report them on a special form
called "Schedule C" which you
can get from post office or bank.
Then you summarize j tbem on
Page 2, Form 1040. f
2. An employe may deduct cost
of meals and lodging when he
is away from home on his em
ployer's business, but not unless
he stays overnight He can also
deduct business transport costs
whether he stays overnight or
not, although this does not us
ually include going to and from
Vork.; j
There is a technical gimmick
in putting such expenses on the
tax form. You must add to your
income what your employer re
paid you for such expenses. Then
you deduct the actual expenses
whether more or less than what
was repaid.
3. pther expenses like journals,
magazines and business enter
tainment costs may be deducted
to the extent that your employer
pays them back to you. (If they
are not paid back they may: be
deducted as personal expenses.) ,
The add and subtract rules ap
ply here as with transport costs,
with this difference: You may de
duct from your income only , the
amount repaid to you, not more.
In addition you can deduct ex
pense? connected frith pgopei!ty
your adjusted gross income up to
Specified limits given in the in
structions (if you are over 65 you
get all medical costs up to the
dollar limits); group hospitaliza
tion premiums1; alimony or sep
arate maintenance ordered by a
court; union dues.' Expenses re
paid by insurance are not deduc
tible. yJ ;
(Tomorrow: Your Exemptions) i
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HORNETS PREDICT SNOW?
LACONIA, N. H. (JPh-City. Eni
gineer Arnold O'Mara is prepared
for a heavy snowfall this winter.
He found a hornets' nest atop a
40-foot utility pole. O'Mara in
sists that hornets build nests high
enough to keep above snow and
they are the "only sure, guide'
on which to base a winter fore
cast
from which you get rent and
capital losses up to $1,000, except
that a loss in selling your home
does" not count It is not deductible.
You can make all such deduc
tions and still use short Form
1040.
Then come the personal de
ductions. : V
Itemized Expense
on rage 3 of r orm 1040 are
listed six headings under which
personal expenses can be item
ized. You can ignore itemization
and take the standard 10 per
cent But that is limited to $500
for married people who file sep
arately and $1,000 for others or
joint returns.
If your itemized personal ex
penses are larger than 10 per
cent you can save money. This
will add a few steps in figuring
your tax.
Here are the main authorized
personal deductions:
Most nonfederal taxes; fire,
storm and theft losses; what you
give religious and charitable or
ganizations; interest payments;
medical bills above 5 per cent of
1 , .1
FAMILY BREAKS BONES
! MARION, Ind. (JPh-It's four
down and one to go for the P,
R. Karnes family. First Mrs.
Karnes broke her right foot Ron
nie, 7, cracked his left ankle. The
father broke a rib, and then
Nicky,' 14, fractured his right el
bow. Tony, 2, is still fractureless.
THE PIKE
Strawberry
ICE CREAM
138 S. LIBERTY
POOR BOY
SANDWICH
AT
NORTH'S
1170 Center
Carlot Grade
Certifications
On Fruit Drop
...
Fresh fruit and vegetable ear
ot grade certifications out of
Oregon n the lirst half of the
current 1 fiscal, year" Were 1.J04
off from the last half of 1952,
the State Department of Agri
culture announced 'Wednesday.
Inspections from July 1 to the
end of 1953 total. 21,558 cars.
December commodities ' mov
ing under the federal-state in
spection certificates i were high
er than in December, 1952 by 150
carlots. j i
Potatoes continued to domi
nate the shipping point inspec
tion records, W. L. Close, state
supervisor , reported, with 2,226
carloads moving out in Decem
ber which was roughly 350 cars
over year earlier, j
papa
Hemorrhoids
i Fllll" j
"Prolapse"
CONVENIENT CREDIT
Ne Operation Ne Hospitaliiatlon
FREE DESCRIPTIVE IOOKU1
DR. R. REYNOLDS CLINIC
NATUROPATH PROCTOLOGIST
1144 UMf MrMt
i
I I - Salem, Ortn I I
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jry IKaIqI J J D J
i; I .? i'tDK ' -- -- - "r
-fe $z for qourself 1
Shake the can and prove it!
I j - u ! - !
M-JiB's full flavor roast
more measures to the pound-
means
more flavor in every measure
1 1
Shake aeveral cans of cofTee before you
buy. Most brands rattle but not M. J.B !
It's packed solid. Proof of more measures
and extra flavor, because . . .
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FltlY-JmtCpet rUSt expands
each coffee bean in MJ.B's
rich blend. This brings out
more; flavor, and increases
volume, too. ..lives you 2 to 8
measures more per pound
than other brands. I
FlU-flaW frinl makes each
particle of MJ.B exactly the
right size for your coffee
maker to release all the good
' ness . . . no large lumps to
imprison flavor.no powder or
chaff to dilute the goodness.
!
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135 N.Liberty !
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PRE-INVI
: Q A 1
fh. 33191
ENTO
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RY
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PRICES SLASHED
REG. 12.98 MEN'S SLACKS
All wool gabs, worsteds end sharkskins. . . .
i i
REG. 9.98 MEN'S SLACKS
Broad choice of colors and sizes
10
00
REG. 3.00 COTTON DUSTERS ;
Florals and plain colors. Sires 1 2 to 1 6
5oo
REG. 29.98 MEN'S SPORT COATS
All wool sport coats. Broken sizes
REG. 39.95 MEN'S SUITS
Broken sizes. Some all wools
REG. 1.98 FLANNEL SHIRTS
Odds and ends in men's flannels
REG. 2.98 PLASTIC RAINCOAT
Men's sizes. Small and medium
!
1200
25oo
REG. 12.98 WOOL SHORTY ROBES
Aqua, pink or ploid, sizes 1 2 to 14.,..,
REG. 9.98 RAYON TWILL ROBE
Choose from aqua or rose, size 40 to 44,
REG. 9.98 LINED JACKETS
Water repellent, fur collar . . .
1
27
REG. 2.98 MEN'S PAJAMAS
Plisses or flannels. Broken sizes
REG. 4.98 SHIRT & SLACK SET
Corduroy slacks with flannel shirt.
97'
600
! 098
OOO
m
... 600
500
WOMEN'S, MISS, JUNIOR DRESSES J p
1 50 to choose from, reduced to ... 2 I 11 Cc
597
.. 698
247
REG. 6.98 5 WOOL COMFORTER
72x84. Fluffy and worm. Washable ......
REG. 7.98, 25 WOOL BLANKET
Pepperell blanket. 6 colors to choose from.
REG. 5.98 BATH-CURTAIN SET
Matched set in peach, block or blue . . L
REG. 3.98 ORGANDY CURTAINS
White organdy. Wine or green trim.
T
GIRLS' COAT AND LEGGING SETS
All wool. Sizes 1 to 4, assorted patterns.
REG. 4.49 CHILDREN'S SLICKERS
Yellow slicker raincoat with hat
y3 off
247
REG. 98c ASSORTED YARDAGE ;
Brood assortment. Hurry for these values. . .
REG. 9.98 CHENILLE SPREADS .
Rich sculptured spreods. Colors . . . . i
REG. 1.98 ASSORTED YARDAGE
Choose from seersuckers, denims and others
297
38e
J98
68e
Drapery Yardage
V:
2 price
Seat Covers
14.88
I . i
Volues to 4.98 per yard. 7Vi to 5 yd. drapery lengths.
Choose from Antique Satins, Burlaps, Barkdothi Plain
colors. : In Greys, Golds, Greens, Wines, Reds, Beige,
Reds & Rose. .A few provincial prints, florals ond geo
metric patterns. i
Reg. 23 95 Wards Best Saran plastic Cover toilored
to fit your cor. Rayon elastic side gussets pull covers
wrinkle-free prevent stretching or sagging. Sturdy
double-stitcned seams. Bright patterns.
REG. 169.95 2-PC. LIVING ROOM SET In n77
Red freize cover, hardwood construction
119
1
89
77
REG. 139.00 BOX SPRING & MATTRESS
Full. or twin size. Pocket springs
! I ' ! i
REG. 179.90 3-PC. BEDROOM SET CT77
Solid maple bed, dresser and night stand ! I J
I! M
REG. 18.95 LAMP TABLE
Limed oak table, luster finish
REG. 259.95 10 CU. FT. REFRGERATOR 00777
Large freezing comportment, 5-yr. war JLJLf
... 2777
... 2777
ronty.
REG. 36.95 TABLE RADIO-PHONE
Plays all 3 speeds. Green finish; . . . .
1 77
REG. 36.95 CLOCK-RADIO
5-tube, famous name, one oniy
REG. 86.95 IRONER X. CABINET 7777
Knee ond hond control. Thermostatic heat.
WINDOW SHADES
Plastic shddes. 43" or 49", ecru, reduced
1 25
REG. 87c WARDOLEUM j :77 c
Finest grade enamel floor covering i. .
REG. 184.95 SEWING MACHINE .
Rotary heod, maple or mahogany ccb. . . .
FIREPLACE EQUIPMENT 1
"Andirons & fire screens, reduced. .
13477
20
REG. 8.50 TWIST CARPET i
9' 1 2' 1 5' widths, wool carpeting. Sq. yd. 4,-1
88
REG. 189.95 17" T.V. TABLE MODEL
Receives both VHF & UHF. 'Blcck'iscreen
164
88
REG. 221,00 12 H P OUTBOARD MOTOR 1 Q r.77
Speeds 2 to 22 MPH. Auto-rewind starter IU7
REG. 49.95 ENGLISH TYPE BIKE.
26" lite weight enamel finish
REG. 2.98 PERMANENT ANTI FREEZE -J69
' One filling lasts all winter. Per gol.1
I
3488
REG. 72.50 PORTABLE SAW
8 Vi" blade with miter & depth gauge used
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REG. 138.95 PORTABLE SAW
6 Vi" blade. Repossessed, in fine shape. .
REG. 37.95 TABLE SAW
, 1
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REG. 2.98 BEDROOM FIXTURES
2 lite, bent glass, assorted colors .
7". bjode, tilting table
A
REG. 8.95 TOILET SEATS
Plastic covered, assorted colors . .1
5977
2977
S477
REG. 4.29 8EDR00M FIXTURES Q00
2 lite, large bent glass shodes, only w
2
00 '
REG. 2.95 RING PLANTER- (
Pottery planter; gayly painted . .
REG. 4.9S COFFEE OR TEA SERVICE 388
Pot, creamer, sugar and tray .'...! O
1
77
' 6
i
88
REG. 8.50 DRESSER SET
Includes mirror, brush and comb
1
... ..... 5
47
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Shop Wards Friday Night Until 9 P. M.
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