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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Jan. 29, 1959)
THURSDAY. JANUARY 23. 195P, HERALD AND NEWS. KLAMATH FALLS. OREGON PAGE 9 A XT , i'A : .r?ti ; . , ' J -r turf i - -a I rip-re? . . ijti RECENTLY ELECTED 1959 OFFICERS of the Women's Auxiliary of Postal Letter Carriers are, left to right, Tove Parks, president; Muriel Stoneburg, secretary-treasurer; and Doro thy Ross, vice president. Your Annual Income Tax Primer By RimARD A. ML'LLEXS Written for NEA Service Reporting income from salaries, wages, dividends, or interest is generally easier than filling out riost otner pans ot the lax re turn. Nevertheless, puzzling ques (ions may arise. For example: what should you do if you lose the Form W-2 fur nished by your employer? Should you report for 1958 interest on a savings account which was earned in 1958 but not entered in your Stewardesses Said Frosted SEATTLE, Wash. (AP) It's "nay" for the knees of some Alaskan stewardesses who let it be known last month they were pretty frosted about not being al lowed to wear ski pants on intro Alaskan flights. No action will be taken before the end of this winter's runs. The federal mediator brought into the case is in Florida, far removed lrom icy tundra and frigid fibula. The request to switch from nylon to woolens came to light Dee. 12 when the stewardesses and Pacific Northern Airlines held talks con cerning a new contract. There was much heated discus sion concerning the relative mer its of the materials when stacked up against the below-zero temper atures encountered on PNA's northern landing fields. Taking note of the publicity given the case of the cold calves John A. Cunningham, vice presi dent in charge of PNA operations pointed out Tuesday that all com pany planes are heated. He added the company is mak ing a study of temperatures at the cities where it calls. The cold est city, the company says, is King Balmon where, the January aver age is a balmv three above zero. The airline contends that ski pants are a minor issue with the union. Rosemarie Fliscck of the Stew ardesses' negotiating committee concedes there are other issues like wages and hours they hope to work out when the mediator re turns next month. But, she insists, ski pants are a major item. And it isn't only a of knocking knees, the stewardesses say. There is the safety factor. If they crashed "our legs would freeze Milt, me gins rnntenrl. Marily Batey, chairman of Council 77 of the Airline Steward esses Assn.. wasn't available for comment. She's on a vacation at Run Valley. Friends say she hasn't worn a pair of nylons since she got there. DENY TROOP CHARGES MF.XICO CITY (UP1 The De- -fense Ministry has denied Guate malan charges that Mexico is con centrating troops and heavy weap ons in the Guatemalan border The Navy Ministry announced .imniianoniislv that a Etinboat and a coast guard cutter have been assigned to protect Mexican i.mi- in lht area where Guate malan warplancs straffed Mexican fishing boats ucc, to VISIT U.S. . HT.-RT.TN (UPII West Berlin Mavor Willy Brandt and his Nor o.onion.hnrn wife. Rut. leave Feb 5 on a tour of Canada, the United States and the far cast. savings account book until 1939? These and other questions about reporting the above income items will be covered in this article of the Primer. If your employer was required, as most employers are. to with hold income lax on the wages paid you in 1958, he must also furnish you with a elatement Form 'W-2 showing the total wages he paid you and the taxes withheld during the year. You should receive a Form W-2 l in duplicate) from each such em ployer you worked for during 1958. One copy of Ihe form must be at tached to your return and one copy is for your file. If you happen to lose a From W-2. don't think that this gives you an excuse for not reporling the income shown thereon. Ask your employer for a duplicate copy of vour rorm W-2. If tax was not withheld lrom your salary or wage, ask your employer how much he paid you durinfi W58 or keep a record of the amounts. Report sucn income on separate lines opposite each em ployer's name. This includes tips received direct from customer and wages as a domestic servant or casual laborer. If vou worked for more than one employer during 1958. there's a mod chance that Social Security (F.I.CA.l lax of more than $94.50 was withheld from your salary. If so, you are entitled to claim the excess over $94.30 as additional income .tax withheld. Do this by showing the excess in the Income Tax Withheld column of Item 5 of the tax rclurn and write F.l.C.A Tax" in the Where Employed col umn. The important thing to remember ihout dividend income is that the first $50 of taxable dividends re ceived by each individual is exclud ed from income. Married persons vine in community property states are entitled to divide divi dends between themselves, even thnueh all the stock is held in the name of one of them. Each snnnse can therefore exclude $50. or a combined total of $100. of he dividends received by them in 1958. In noncommunily properly states, the $50 exclusion applies scuarate v to the individual divi dends of husband and wife. This means if all the stock is owned by the husband, the wife cannot claim anv part of the exclusion. U: dends on stock held in both names are divided equally in computing Ihn exclusion. The exclusion can be claimed on either Form 1040A or From i4n. If vou ti e on 1040A, you show in item 6 the dividends which exceed the exclusion. On Form 1040. you report all taxable divi dends and then subtract the ex clusion on line 3 of Schedule A. In addition to the dividend ex elusion, the law permits you to iihirpct from the tax you would otherwise owe, a credit equal 10 fmir ner cent of certain dividends in excess of the exclusion. This credit cannot be claimed on Form 1040A, so do not use this return if vou have dividends in excess nf ihe $50 exclusion. The easiest wav to compute tnc credit is to fill out Schedule J of Form 1040. being careful to fol low the directions on each line. Note that the credit cannot ex ceed the lesser of the tax that would otherwise be due from you, or four per cent of your taxable inrnmr. And remember, the divi dend credit or exclusion docs not nnnlv to dividends from loreign corporations, including Canadian companies, or from any mutual savings banks or building and loan associations. Dividends from the latter corporations are reported in line 5 of Schedule A, Form 1040. All taxable interest must be re ported in Schedule B on page 3 of Form 1040, or in line 6 of Form 1040A. Most interest is tax able. However, interest on bonds or securities issued by a state or local government is not taxed by the Federal Government. Also, the nterest on many United States bonds issued prior to March 1, 1941, is wholly or partially tax- exempt. If you have any such bonds, read the section under In terest' on page 11 of the official instructions. Vou must report interest on sav ings and deposit accounts when it is credited to your account even though it has not been entered in our bank book. Interest repre sented by a bond coupon should be reported m the year when the coupon is due and payable even though you don't clip and cash it. You can report the interest on Defense, War and Savings bonds in cither of two ways: First way: Ignore the interest until you cash the bond, and then report as interest the entire dn- ference between what you get and what you paid for the bond. This is the easier way. Second way: Report the interest each year as it accrues. The amount of accrued Interest can be determined from the table on the back of the bond. It is the differ ence between what you paid and what you could cash the bond for on December 31, 1958. Sub tract from this any interest you reported from these bonds on pre vious returns, and report the re mainder as interest for 1958. Once you start using this method, you cannot change without first getting permission from your District Di rector of Internal Revenue. Teen-age Job Figures Told SALEM Orecon teen agers held 15.133 industrial jobs in 1958, ac cording to the Bureau of Labor. The total does not include jobs in agricultural harvesting. Labor Commissioner Norman O. Nilscn estimates one out of every six high school students worked out side of school hours or during the vacation period in non-agricultural industries. The labor bureau issued only 8)10 permits for full-time work which went largely for the em ployment of minors graduating from high school before the age of 18. Federal regulations place a 16-year minimum age limit on manufacturing and cannery em ployment. Ihe labor bureau report shows 54 per cent of the industrial jobs were open legally to minors under 16 although 88 per cent of the jobs were held by minors over that age. The commissioner ex plains employers are reluctant to hire the younger minors for many occupations. He regards it as part of the national occupational trend to eliminate "untrained helper jobs" through mechanization and self-service merchandising. The year s 238 reported work ac cidents to minors did not bring very serious injuries. Almost one- half of the accidents involved 'he hands and arms injured while handling work tools or other ob jects. Fifty-six accidents resulted in feet and leg injuries. " atf TtWaaitMMIilftMttSSHt -OP l vtJl I 1 J 1 ft f a MOST UNUSUAL KNOXVILLE. Tenn. UP1I When Ihe city administration re fused to grant a raise for claims investigator Frank Workman, city law director John Duncan cut his own salary by $200 and added it lo Workman's. State Centennial Officials Seek Covered Wagon Art Officials of the Oregon Centen nial issued an urgent nationwide all today, asking for photographs uf covered wagon trains on their way to Oregon between 1850 and I860. The advisory committee on his tory said authentic photographs are needed for Ihe historical phase Court Records TAX QUIZ Check which you think is the correct answer and then compare with the answer below. 1. In 1938 you received dividends of $110 on General Electric stock held jointly by you and your wile. If vou tile a joint return, now much of these dividends can you exclude from income? ( ) A. $100 ( ) B. $50 ( ) C. $75 2. Same facts as 1, above. What return form should you use of 1958 and why? ( ) A. Form 1040, because you are entitled to a dividend credit on Ihe dividends exceeding your exclusion of $100 and this credit can be claimed only on Form 1040. ( ) B. Form 1040A, because this form gives you the lesser tax. 3. You have a savings account at your local bank. On April 1 and October 1 of each year, the bank credits your account lor in terest earned. For 1958. such inter est was $27 but since you did not take your savings account book in to the bank, your interest was not entered in the book. Should you reDort the $27 as interest income? ( ) A. No, because you only have to report interest entered in vour bank book. ( B. Yes. because even mougn the interest was not entered in your book, you were entitled to the interest and could have withdrawn il in 1958. Answers: 1-A. 2-A. 3-B. KI.AMATII COI'NTY DISTRICT COl'RT Jack nay Jordan, falae application hunting license, dlamissed motion dis trict attorney. Cleston Thomaa Rudlsell. overlenvth dismissed motion of district attorney. rinroin iecu i.erever, combination uvirnoaa, ,i lorieited. Melvln Cornealious Dixon, nn Pur permn. am. Frank Wesley Smith, fall disolav 11. cense plates, $10 forfeited. Ulcn Duane Broadsword, fail A play license plates. $10 forfeited. vasne Lours Forea Jr.. combination overload, $35 forfeited' Harry Thomas Lawson. tandem axt overload, t3 torfelted. Wilfred Joseph Roberts, combination overload. $:I9 forfeited. Edward Raymond Donovan, tandem axie overload. $35 forfeited. James Lester Wilson, imnrnner muf- iier, o. Howard Eugene West, violation h,. ic ruje. S7.3U. John Joseph Keane. fall itoo at atnn sign. $5 forfeited. Richard John Snyder, violation basic ruie. t.50 forfeited. Frank Smith. Inadequate emergency oraKe, v.ou. Wilson Fulbright. Inadequate emer gency oraKe, a forfeited Paul Freeman Miller, fail drive right half. $5. Bobble Gene Phillips, fall yield right oi way, o. Dan Colwell. reckless drivina. $25 license to be suspended tor six months released. Fernando Garcia Jr., fait stop stop sign, $5. Modesto Jimenez, no operator'! li cense. $20. James Dunn, drunk nn -public high way, $35 or IS days in lieu of line: committed. John Gordon Lacefield, violation bas ic rule. $10. Gerald Luther Bachman, violation basic rule, $10. Grant Fred Brown, fall display li cense plates, dismissed. Don Edwin Mitchell, improper muf fler, $5. KLAMATH FALLS MUNICIPAL COURT Joseph Connell O'Neill, drunk, dis orderly conduct. $25 forfeited. Charles A. Watt, drunk. $25 or U'i days. Bernice A. Broussard, running traf fic light, $5 or 2a days; running traffic light. $5 or J' days: no opera tor's license, $5 or 2Vs days. James Craln, drunk, $25 or 12'i days. Michael Muslal. drunk, $29 forfeited. n am riiiii'i a-ftff; sMsili'anfi--',:-rwArf A NATIONWIDE CALL has gone out from the Oregon Centennial Commission tor any actual photographs of covered wagon trains on their way to Oregon between 1850 and I860. Shown here is a drawing made from memory by a pioneer at some date sub sequent to 1870. The daguerrotype process required that the subjects remain in a fixed position for a considerable period of time so that genuine pictures of the period will lack action. PTA NEWS FA1RVIF.W Mrs. Klda Fletcher, special edit calion teacher at Fairview, was guest speaker at the PTA meet ing. January 22. in the school audi tonum. Mrs. Fletcher spoke on 'Special Education: What Does It Involve and Why Do We Use II Citing Ihe various handicaps and describing the training program for each,, she explained that every handicapped child is taught lo ac complish at his own level of learning. Mrs. Alice Badey, president, con ducted the business meeting. The flag salute was led by Shir ley Reinmiller and Dennis Pad dock, fourth graders. Mrs. James Crapo read the PTA prayer. Mrs. Florence Ollmann, principal, pre sented the PTA with a $100 check, part of the proceeds irom the Christmas play. She also an nounced that Fairview School had met all fire safely standards re quired by the stale. Mrs. Ruby Weinberg announced that the next study group meeting will be February 11 at 9:30 a.m in the primary library. Room count was won by Mrs. Ruth Stout's third grade class. Prior to the meeting, incidental music was presented by Stephanie bpctz and Barbara Cofer. oi Oregon's celebration of 100 years ot statehood. Ihe state was admit ted to the union February 14. 1859, but the celebration will continue through the summer and be high ighted by an exposition and in ternational trade fair at Portland June 10 through September 17. The committee said many pic tures of covered wagon trains were laken in the 1850s, and at least three photographers made exten sivc collections of Dagucrrotypes on the plains and in the mountains. It listed these photographers as J. Wesley Jones, who took 1,500 pictures on the plains and in the mountains in the summer of 1851. All are missing. J. M. Staney, an artist as well is a daguerrolype, who moved to the Far West with the party of Gov. Isaac I. Stevens of the Wash ington tcrrilory. The committee said there is evidence that Stan ley took a number of daguerro types on the plains, but none has been lotintl. S. N. Carvalho, a daguerrolyplst lrom Baltimore, who went to Call fornia in Hie parly of Col. John C. Fremont, leaving" Missouri in September, 1853, and crossing the mountains in mid-winter. Carvalho took "a large number' of photo graphs, though the committee said Ihe exact number is not known. Ail the originals are missing, but the committee expressed belief that if they cannot be located, at least copies made in 1856 can be lound. The committee asked that any body who has information concern ing wagon train daguerrotypes or photographs immediately write the Oregon Centennial Commission, 400 Jackson Tower, Portland. Oregon 1 Aant6 il 1 .- It Knights of Columbus HARDTIMES DANCE Saturday, 9:00 to 1:00 Reamet Country Club Members & Guests Yw haven't really laughed until you've seen ON THE SCREEN ! I TECHNIRAMA . I TECHNICOLOR OUTLAWS BABY SALES WASHINGTON (UPI)-Sen. Es tes Kefauver (D-Tenn.) has intro duced legislation to outlaw inter state sale of babies. Kefauver said in a statement that the measure was needed to stamp out "interstate baby rack eteers and to protect the estima ted 160.000 illegitimate children born in the nation each year, their mothers and prospective foster parents, u EVEREST & JENNINGS WHEEL CHAIRS and WALKERS Until Aldt for the Handicapped Sturdily constructed and easily controlled, Everest at Jennings Folding Wheel Chairs and Walkers inspire complete confidence in the user. Two of many fine Everest & Jen nings aids for the handicapped- Aurtiarlnal Dealer Rentals and Sales Currin's - for drugs 9h & Main Ph. TU 2-3475 Mint if Adwlol' Wolstt ENDS SATURDAY STARK'S JANUARY CLEARANCE Rebuilt Kirbr It' B Sovt! from General Electric Rebuilt 29" ivtooei -NEW LEWYT Model 88. Soe -.. NEW APEX Model 5539 Stork's Rebuilt ELECTROLUX, mod. 30 New Shetland twin brush Electric Floor Polisher. Reoj 49.95 095 07 19" 29" NEW HOOVER Model 31 Dean's LQ'5 Special All elranrrt tearaoleefll. Easr Trrmkt Final Closeout! Harry Hafrer's Greatest Stock Reduc tion Sale With The Lowest Prices Ever ENDS SATURDAY! Prices cut still deeper en every item in the store except Beeutyrett! Save before Satur- HAFTER FURNITURE 9th and Klamath fh. TU 4-4878 1 mi ME! I FRIGIDAIRE I oo ON OUR EASY RENTAL PLAN Rent a Frigidaire Portable Dishwasher For Up to 6 Weeks ONLY J.UU WEEK Detui Food Waste DISPOSER Sanitary, time-saving, economical! If You Decide To Keep It RENTAL Can Be Down Payment Rent It Or Buy It! ONLY PROTECT FAMILY HEALTH SAVE YOUR HANDS NO COSTLY INSTALLATION JUST PLUG IT IN! FULLY AUTOMATIC WASHES & DRIES 9 PLACE SETTINGS Cascade VERN OWENS' Ihme hmmlmm DEAN'S STARK'S 1J2 So. 9th TO 4-7193 Phone TU 4-I36S 124 North 4th
