The Battalion. (College Station, Tex.) 1893-current, April 09, 1984, Image 4
Page 4/The Battalion/Monday, April 9, 1984 35 • ■ V- . 1 ■<" A. : /: : .^-v ■' V ’ V -/ ? 'x '• >,£ £+~ /•;*. _ _ A —^ a r k MB - 1 ^ TIME IS RUNNING OUT. P- ■!! k -.'« ' r < \ --J :V V ’- r i 'V* v' >■ f* i . ... 4 ■ ' i,'- ' JOIN MSC SCONA 30 W 6<;-i 4.^ Student Conference on National Affairs '*> '' f - « j I' J , .‘ w - '4- " .V. . APPLICATIONS AVAILABLE APRIL 2 - APRIL 10 216 MSC 845-7625 Profs say filing jointly for couples is the bes University News Service Last minute income tax filers ought not to hurry so much they overlook deductions this week, particularly working cou ples who might forget the year- old deduction which doesn’t have to be itemized and offers greater benefits this year, ad vises a Texas A&M university accounting professor. The special deduction allows couples filing joint returns to deduct 10 percent — it was 5 percent last year — of the lower of the two incomes with the maximum deduction of $3,000, said Dr. Clair Nixon. “If the wife makes $10,000, the couple can deduct $1,000 from their incomes, which is pretty good,” he said. Married couples are better off filing joint returns, said Nixon, and short tax forms are best for people with one source of income who can’t take advan tage of itemized deductions be cause they don’t meet the mini mum requirement. “Itemized deductions are im portant, but it’s really the excess over that minimum amount that does you any good.” Nixon said. “Married couples who buy P h; houses for tax purposes may pay $5,000 a year in interest ex- enses, but because they must ave at least $3,400 in inte- mized deductions their actual tax benefits in this example is only $1,600.” Tax benefits from casualty deductions are significantly less this year, as are oenefits from medical expenses, he said. Nixon pointed out if some body's house burned down dur ing the year the amount they can deduct from the casualty is less because of changes in the tax law last year. The tax bene fit is the difference between 10 percent of the family’s income and the cost of destruction to the home. If damages amount to less than 10 percent of the in come, no deduction can be taken. take,” he said. “Comps usually set up retiremem counts for their employee!,! people can set up theirow tirement accounts. A can put aside up to $2,® year in an IRA and sW duct that amount fromhiijt income.” Married couples withi one spouse working cm aside as much as $2,250 n in an IRA account and lii with both spouses workinj set aside up to $4,000ayeat Self-employed people cri at self-employment (Social curity) taxes, especially no# cause the rate has increased nificantly due to changesin 1983 tax laws, he continued Special sales tax deductions are available to everyone. For instance, anybody who bought a car can deduct the sales tax, and interest expenses on a home, charge cards, and personal loans are all deductible, he said, but one of the biggest deduc tions is the Individual Retire ment Account. “It’s another one that you don’t have to itemize in order to “Self-employment taxesi be paid in addition to inta taxes, and right now we'rca ing about a rate of about Hp cent,” Nixon said. He said than a fourth of all taxpn pay more in Social Securiti self-employment taxes i| they pay for income lax. Americans who work! other people payalargesta of taxes, and rich people don’t invest also payalot. Mini-snack bar relocates giving computer a home By TAMMY KIRK Reporter If there is thirst or hunger in the lobby of the Zachry Engi neering Center, the Zachry Snackery is now the only option for grabbing a quick snack on that floor. The coke and candy ma chines which used to be in the lobby have been moved to the second floor and their former home now is occupied by work horses and construction bar riers. The purpose for the con struction is to install a new engi neering computer system called CYBER — and not all students are pleased with the absence of the snack area, relocated on the .second floor. In an unscientific survey con ducted by The Battalion in Zachry, the differences in stu dents’ reactions seemed to de pend on whether or not one used the new computers. “I don’t like it, it’s inconve nient,” said Susanjune, ajunior computer science major. June added that it used to be so easy to get a coke before class, and until the survey, she didn’t know where the machines were relocated. “It’s not so much that they moved the machines,” said Dan Montgomery, petroleum engi neer major, “it’s that they didn’t tell anyone where they were putting them.” John Degenhardt, another petroleum engineer major, agreed with Montgomery and said that the only reason he knew of the relocation was be cause he had talked to one of igineering professors the week. on the no or the en Her in Students working computers, temporarily in basement room, either had reaction to the change thought the change was needed. Senior electrical engineering major Jeff Gokingco said he wasn’t even aware the snack ma chines had been moved. “I think moving the comput ers upstairs is a pretty good idea and very practical,” said Ron Matthews, a senior electrical en gineering tnajor who uses the computers. The room being used now was too small, Mat thews said. The computers are intended for graphics special application, says CYBER Operations Man ager Gary Sinton. The comput ers are available to students in the College of Engineering or to those students who have a special user number signed by a professor. “We’re still getting our feet wet (with CYBER),” Sinton said. “Not many people are using them yet.” Of those who are using CYBER, there are still “how-to- do” problems. During Sinton’s discussion of the computers, several students came in for help: “Gary, how do I transfer part of one file to another file?” “The computer is assuming the wrong sequence, am I enter ing the wrong default?” Sinton said he doesn’t tli anyone could deny the pract use of the space forthecon]|> ers. The reason the corapui are replacing the snack am because of the limited am of office and classroom sp Sinton said. “If you could build all riser in the middle of the loS where all that open spaceis,! could probably get abouttij or nine classrooms there," ton said. But he added building wasn’t designed way. The CYBER computersln several advantages, Sinton Among the other packap ready used, such as PLAT supplementary teachingdn graphics design and scieni research packages also can used on the computers. le of how e applied is *'» An exam design can ing in 3-D. By punchingase: commands, a student canlt at his drawing from a mim! of angles, not just one Be The and fi ested i aid fo: forap Ur The Conte winne $60 at will be uisite throuj contes equiva and th > Ticl MSC 1 are $3 The Safety The c dismis mobih throuj 845-91 Ticl Box C the se are $3 Api forms for sti are A] May 1 due. 1\ gardle All fall ru rum J more dent,; li The event MSC ; ailtur One use of the scienti search package is for find out characu i istirs of waif brations, Sinton said.Theot^W engineers use this package tensively, he adds. ft Pla United “How do I install this tape on CYBER?” But despite the problems, “The College of Engineer needed a computer,’ said. “We’re not starving» students. The Zachry Snack is still here and the mack® are too — just in a different^ ore porm re ” lut v °lers borgi his Panh MSC Cafeteria Now Better Than Ever. 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