Image provided by: Texas A&M University
About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Feb. 7, 1979)
lax time again 'asautw I . _ _ . eer m.- j. .-r THE BATTALION Page 7 WEDNESDAY, FEBRUARY 7, 1979 here are the rules 2 in as since >w offereii •luding an will ear to ea| ! = - ie Internal Revenue Service has : , si ' ^ (lished certain requirements for 31 tyers filing income tax returns 'wan * he following is a list of the )r j s y 7 num amount of gross income .• 111 rould require a taxpayer to file ial\ ? urn: [r /.j 1 igle persons can earn up to "" 50 before they are required to Single persons aged 65 or over a gross income limit of $3,700. trried persons filing a joint re- have a gross income limit of [00. Married persons with one arties recall izzard United Press International OVIDENCE, R.I. — While __ar revelers of a downtown pub Rowan an partying a day ahead of the liversary, the manager of the leeway; (yjj ence Holiday Inn Tuesday the finishing touches on his | aV p lard bash plans. ™ w fcre than 1,000 people were oned at the 425-capacity town hotel for almost a week g the Great Blizzard of 1978, i began one year ago Tuesday umped up to 3 feet of snow in ays across New England. ! progri [Intel manager Gunars Dvelis 'he would slash prices back to rd basics today — just for the . ^tnd in honor of the anniversary. |breakfast of eggs, bacon, toast Kfcoffee cost 99 cents during the Bn, while a $7.95 prime ribs ,^10liner went for $3.25, he said. 0 Along with entertainment and lal prices from noon to midnight cerfortli L Dvelis said all employees llld wear casual clothes. “We ll ibran \ & all our standards like in the '^aboul fcard,” he said. few snowdrifts away, the town Player’s Corner Pub last transformed itself into a hotel 8 stranded motorists, who id themselves buried beneath 3 f snow. |e regulars at Jodi DiRaimo’s Monday began celebrating the ft anniversary of “the biggest pay for ftk they ever spent together, lonthe: , , he was |W ewant to sa y thank you to the chard" sta y ed here,” Di- So said. “Everyone pitched in. i it weren’t for them, we never l KflOBdhave done it.” ntermiioDilne pub fortified policemen, leteoritel^ pl° w operators, telephone istralia,!fP an y workers and reporters acids, irI f 00 ^ and drink by putting its n living® 11 ' — h ut stranded — custom- Ito work. had an undertaker tending ^^^fand newspaper people as bus ts, DiRaimo recalled. N0f- was the biggest week we ever it together. We cut prices, but still made money,” DeRaimo . “I want to get people reminisc- ibout what happened a year ago t the Holiday Inn, Dvelis re- llbers it well. »ple slept in hallways and lob- . “Our lounges were open all QW$1,! t long serving whatever we d scrounge up,” he said, lien it was all over, the hotel :e even. “As far as wasted profits we lost about $8,000 a day,” slis said. “But everyone in the }1 acted super well.” y staff was really in tune with thing,” he said. “They showed concerned they were. You these guys are here for the iheck but then you find out what H really like.” spouse over 65 filing a joint return have a gross income limit of $5,450. Married persons who are both over 65 filing a joint return have a gross income limit of $6,200. Married persons filing separate returns have a gross income limit of $750, while a surviving spouse (qualifying widow/widower with a dependent child) has a gross income limit of $3,950. In addition, taxpayers are re quired to file a return if: — they have received tips from which social security tax was not tr to pats /erduelw in officeil w$t: reg ngs withheld, even if gross income was less than $2,950. — they were in business for themselves and had net earnings of $400 or more (called self- employment income). — they had unearned income of $750 or more, such as dividends or interest from savings accounts, and can be claimed as dependent by their parents. This is particularly important to students. Once you know that you need to file a return, you must decide which form to use. People with simple tax situations should use the shorter Form 1040A. The form is printed on one side of a sheet of paper and takes you step- by-step through the tax calculations right down to the signature. Form 1040 is for people whose circumstances are a little more complex. All income calculations are on the front of the page and all de ductions on the back. The IRS automatically mails tax payers a tax package based on the form they filed last year. But that doesn’t mean you must use it. If cir cumstances dictate that they should use another form, of if they don’t receive a tax package at all, they can get one from any IRS oflfice, post of fice and at many banks. In general. Form 1040A is for persons whose total income was $40,000 or less if they are married and filing jointly; $20,000 or less for others. Income must be from wages, salaries and tips with not more than $400 in interest or $400 in divi dends. Deductions can’t be itemized on the short form. Most taxpayers will be eligible to file Form 1040A because of the new zero bracket. It replaced the standard deduction and is a flat $2,200 for single persons and un married heads of households, $3,200 for married couples filing jointly and $1,600 for married people filing separately. Single or married parents earning less than $8,000 in 1978 may receive an income tax break this filing sea son. They are eligible for an “Earned Income Credit” (EIC) of up to $400 if they meet certain re quirements. They must have earned some in come in 1978. Earned or adjusted income must not exceed $8,000. And they must have contributed more than 50 percent of the ex penses of maintaining a home for themselves and their child under age 19, or a disabled dependent child of any age. Figure EIC by taking 10 percent of earned income, not to exceed a maximum credit of $400. For every $10 earned over $4,000, subtract $1 from the $400 amount. hop) 0p(| •pal ‘king’ remain J his mine ADELAIDE, Australia — When C Kfl Duke, “King of Andamooka,” nf/D e( i he left instructions to bury 1/ ® in his own opal mine. ./j [He always said he wanted to be 0Yt*slised,” said his widow, Inge Ike, from the small motel they ■ led in the opalrich township of JQfli Jamooka, 36 miles northwest of 'elaide. Duke, 58, died Sunday of a heart ),[II 4^. He was born Rudi Ducke in i ^ Unite, a town near Dresden in [Q V srmany. He arrived in Australia in 1954 on torcycle to try his hand at min- He constructed his own under- nd mausoleum in an opal mine v years ago and often joked to nds that it was big enough to J all of them. v °l un teered to control the s two air landing strips and its Hind radio base. He was well 1/1 own to light aircraft pilots and ^ IV ws of high flying intercontinental Is who strayed into “his airspace.” He was also Andamooka’s official ather observer and twice daily id out the soaring temperatures it force many of its residents to (ve underground. His duties ftned him the unofficial title “King lAndamooka.” 1 This is your kind of store. This is 'dCPenney Manor East Mall, Texas Avenue at Villa Maria • 779-4710 • Shop 10 a.m. to 9 p.m. weekdays, to 7 p.m. Saturdays Stop by our Coffee Gallery for a quick bite, lunch or breakfast. Now open 7:30 a.m. to 5:30 p.m. daily. 25% off all Jaguar luggage. Continental styled luggage of easy-clean vinyl has steel frames, brass plated hardware and padded handles. Handsome heather plaid fronts, plus camel or blue vinyl. Sale 29.95 Reg. $39, beauty case Sale 27.75 Reg. $37, 21" carry-on Sale 37.50 Reg. $50, 26" pullman Sale 44.25 Reg. $59, 29" pullman Sale 22.50 Reg. $30, shoulder tote Sale 33.75 Reg. $45, garment bag Sale prices effective through February 17. Some pieces or colors may not be in stock. These will be special ordered at sale prices. Special value vested suits. 59.88 & 69.88 Just in time for special spring events or for important job in terviews. We’ve made a special buy on classic vested suits comparable to those selling for up to $100. Poly ester knits and blends are tailored in contemporary and classic styles. Fashion colors in solids and subtle patterns. Regular and long sizes in 36 to 46. Special buys are available in limited quantities.