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B*~ 851 ** ~* ~ H83£ra9l ' ' mm W - " - ' ' - : L ' ' :1,' -/fh •i#il lTw «i : ̂ t - iiiiva' -* ssslifeM «* • :r; lV> _ ;, I"! - t'Ji-J! '; l^||jj§f|..'. . -a Four eighth grade athletes received special awards at Johnsburg Junior High School's annual basketball banquet. From left: Don Bentz won the James C. Bush free throw trophy and was elected most valuable player by his teammates. Russ Oziminski and Scott Dixon were named co-captains by the squad, and Ken Schmitt was recognized as most improved player. The Wildcats completed the season with a 22-5 record, winning two tournaments and going undefeated in their conference. Brett Zimbrick (left) and Chris Dixon (right) are congratulated by Johnsburg Junior Varsity coach Wayne Hiller upon winning special awards at the school's annual basketball banquet. Zimbrick was elected most valuable player, and Dixon was named honorary captain. The seventh grade team lost only one game during the entire season. i:&w» - 2J 19-*. c- ***** t3X3b'° ̂ .rVou< \ Tzrj 1-Ooccmbcr 31, - , -r.-i î axp&yers Ask ZR$ rccc This column of questions and answers on federal tax matters is provided by the local office of the U. S. Internal Revenue Service and is published as a public service to taxpayers. The column answers questions most frequently asked by taxpayers. Q. Are utility taxes deduct­ ible? A. Utility taxes imposed under state or local law are not deductible if the rate differs from that of the general sales tax in your area. Q. I bought a new car re­ cently for personal use which developed so many mechanical problems that I had to get rid of it. I traded it in for less than what I paid. Is this loss deductible? A. No. A loss from the sale or exchange of personal pro­ perty is not a deductible loss, unless it results from casualty or theft. However, don't forget that your state or local sales tax on the purchase of your new car or the part of the tax you paid that is equal to the general sales tax is deductible from your Federal income tax. Q. Don't I have to show exact amounts to the penny of deductions, income, etc., on my tax return? A. No. Taxpayers may round off such amounts to the whole dollar. This means that you may eliminate any amount less than 50 cents and increase any amount from 50 to 99 cents to the next dollar. Q. How can I determine whether to use Form 1040 or 1040A to figure my tax? A. Generally, the Short Form 1040A is used by a person who does not itemize his deduct­ ions and whose gross income consists only of wages, salary, tips, and dividend income or interest income of $400 or less. But, taxpayers who have other types of income, gains or losses from sales or exchanges of capital assets, investment tax credit, sick pay exclusion, etc., should use Form 1040 and the appropriate schedules to determine their tax. The ins­ tructions for each form explain in greater detail which form is appropriate for you to use. *3* Our country' In her. inter­ course with foreign nations may she always be in the right ; but our country, right or wrong! Commodore Stephen Decautur. 1816 Letter from Washington by Senator Charles H. Percy Codes: BaB - Baseball Te - Tennis Tr - Track G Tr - Girls Track SB - Girls Softball Bdn - Badminton PAGE 7 - PLAINDEALER-WEDNESDAY, APRIL 2, IOT5 MillKNRY COMMUNITY HIGH SCHOOL 1971-75 Spring Sports Schedule V - Varsity S - Sophomore F - Freshmen F-S - Frosh-Soph. * - Two Busses - One from each school Bus Leaves Compromise, not confronta­ tion, is the key to curing our economic ills. President Ford has sen{ Congress a compre­ hensive economy-energy pro­ gram, and Congress now has a responsibility to make de­ bate on the program an intel­ ligent dialogue rather than a partisan battle. To encourage energy con­ servation and reduce our dependence on foreign oil, the President has proposed a $30 billion tax plan which in­ cludes an increase in the import fee on crude oil, excise taxes on domestic oilj and an end to the control of domestic oil prices. These proposals are the lightening rod of the President's economy-energy program. The President deserves praise for his bold and com­ prehensive plan to attack the triple-headed monster of in­ flation, recession and energy dependence. Until Congress passes alternative energy- conservation laws, I will oppose any effort to delay implementation of the Presi­ dent's increased import fee on crude oil. A vote for delay is a vote for inaction. The time for rhetoric about ener­ gy conservation has past. In my judgment, however, the President's energy-conser-1 vation plan is too cumber­ some and inequitable. Increas­ ing the import fee on crude oil and imposing an excise tax on oil produced in this coun­ try will raise the price of thousands of products because fuel to run factories, farms, airlines, railroads and trucks will be more expensive. Eventually, this added ex­ pense for production and transportation of goods will show up in the supermarket, ,the clothing store and the drug store. Family budgets already stretched to the breaking point will be stretch­ ed further. The President's plan will increase the cost of heating oil and natural gas. Consum­ ers must pay to heat their homes, no matter how high the price of fuel goes. They can only set their thermostats so low. And more expensive heating oil and natural gas would be especially serious for consumers in sections of the country where the winter- is severe. The President says his on- ergy-conservation plan would cost the average American family $345 a year. Inflation may go as high as 12 pecrent this year because the plan would increase prices for thousands of products. I believe the President's en­ ergy-conservation plan misses a great opportunity to nail the real energy thief: the automobile. We should attack this thief head on and impose a 20-cent-a-gallon gasoline tax this year and a 30 cent-a- gallon tax next year. I know that would hurt. But it would avoid increasing your heating, grocery and clothing bills. It would attack our energy problem where we can achieve the greatest conser­ vation--at the gasoline pump. The President has been adamant in his position to an increase in the gasoline taxes or gasoline rationing. I agree that rationing would be un­ fair, difficult to administer and could lead to serious abuses. For these reasons, I oppose it. But a gasoline tax, with cash rebates to motorists Special r As Ready To Serve You On wprinesdav As Any Of The Six Days We're Open LOBBY: 9 a.m.-l2:30 p.m. DRIVE IN: 8:15-12:30 I THE FIRST NATIONAL BANK OF McHENRY 3814 W. Elm Street McHenry, 111. 60050 Automotive Service Specials Are Good For The Month Of April- Get Your Car In Top Shape For Spring Nowf TUNE-UP: INCLUDES POINTS, PLUGS CONDENSOR, PCV VALVE & AIR FILTER Complete set-up on Sun Machine(set timing, dwell and idle speeds.) ALL 6M CARS TRANSMISSION SERVICE: Change oil, replace filter and adjust (if necessary) (ELDORADO EXTRA ) ALL GM CARS 4A95 IV Plus Tax •19!! Tax CADILLAC-PONTIAC 385-6000 1112 N. Front St. McHeniy, Illinois for essential driving, would place the energy-conservation burden where it belongs. The tax would cost the average American family $70 this year and $90 next year, after re­ bates. A recent Harris Survey showed that consumers pre­ fer a 20-cent-a-gallon gaso­ line tax to the 11 cent-a-gal- lon increase in the cost of gasoJme and fuel oil that would result from the Presi­ dent's plan. They fear that industry will raise prices across the board to defray the increased cost of foreign oil. Realizing that some tax is needed to cut consumption, they prefer a gasoline tax so the price increase will be restricted to one product. I have offered the gasoline tax proposal in Congress as an alternative to the Presi­ dent's import fee and excise tax. I believe it is more equit­ able and speaks more directly to the energy-conservation challenge. * * * * Successful living, which few of us acquire, depends upon simple things. Date Sport Squad Opponent Place Time East West Wed. Apr. 2 BaB V Wauconda Wauconda 4:30 3:00 * BaB F-S Wauconda Home 4:30 Thurs. Apr. 3 BaB V-S Elgin Elgin 4:30 3:00 3:15 Te V-F-S Stevenson Home 4:30 Fri. Apr. 4 Te V Jefferson Quad. Rockford- Auburn 10:00 7:45 Sat. Apr. 5 BaB V Double Dual Home 10:30 BaB F-S Woodstock Woodstock 10:30 ' 9:15 Te V-F-S Carmel Carmel 10:00 9:00 Tues. Apr. 8 BaB V Crystal Lake Home 4:30 BaB F-S Crystal Lake Crystal Lk 4:30 3:00 Wed. Apr. 9 Te V-F-S Larkin Larkin 4:00 2:45 3:00 Thur. Apr. 10 BaB V Lake Zurich Lk. Zurich 4:30 3:00 Thur. Apr. 10 BaB F-S Lake Zurich Home 4:30 Tr V-F-S Crystal Lk.-Woodstock Home 4:30 Te V-F-S Libertyville Home 4:30 Sat. Apr. 12 BaB V Lake Forest Home 10:30 Sat. Apr. 12 BaB F-S Lake Forest Lk. Forest 10:30 8:45 Tr V-F-S Viking Relays Oswego 11:00 ' 9:00 Mon. Apr. 14 Te V-F-S Crystal Lake Crystal Lk. 4:30 2:45 3:00 Tues. Apr. 15 BaB V Dundee Dundee 4:30 3:00 Tues. Apr. 15 BaB F-S Dundee Home 4:30 Wed. Apr. 16 Te V-F-S Warren Home 4:30 Thur. Apr. 17 BaB V Cary Grove Home 4:30 Thur. Apr. 17 BaB F-S Cary Grove Cary Grove 4:30 3:00 Tr V-F-S No. Chicago-Barrington No. Chicago 4 30 # 3 00 *3:00 Te V-F-S Barrington Home 4:30' G Tr V Crystal Lake-Zion Crystal Lk 4:30 3:00' 3:15 Sat. Apr. 19 BaB V Mundelein Mundelein 10:30 9:00 BaB F-S Mundelein Home 10:30 Tr V Fox Valley Relays Batavia 11:30 9:30 Te V Quad Home 10:00 Mon. Apr. 21 Tr V-F-S Antioch-Warren Antioch 4:30 • 3:00 •3:00 .Te V-F-S Zion Zion 4:30 2:45 3:00 SB V Lake Forest Lk. forest 4:30 3:00 2:45 Tues. Apr. 22 BaB V Barrington Home 4:30 BaB F-S Barrington Barrington 4:30 3:00 Te V-F-S Woodstock Home 4:30 everything s coming UP green on green street! McM xcrai lenru crouigs mini . flower show now blooming in our lobby Ifs Flower Show time again at McHENRY SAVINGS. Stop in now to see our mini garden ... get a free whiff of spring. Open to the public eveiy week day but Wednesday. But huny . . our show closes April 5! MORE GREEN FOR YOUR GREEN! Earn as high as 7-3/4% . . . 7-3/4% CERTIFICATE OF DEPOSIT $5000 minimum - 6 years 7-1/2% CERTIFICATE OF DEPOSIT $1000 minimum - 4 years 6-3/4% CERTIFICATE OF DEPOSIT $1000 minimum - 2 1/2 years 6-1/2% CERTIFICATE OF DEPOSIT $1000 minimum - 1 year 5-3/4% CERTIFICATE OF DEPOSIT $1000 minimum • 90 days 5-1/4% PASSBOOK ACCOUNT Any amount, $1.00 minimum SPECIAL SAVERS SERVICE! New McHenry Savings interest period starts April 1 . . . get in on our big earnings. We'll be glad to transfer your savings from any other financial institution. Just bring in your passbook and we'll handle all details without charge! n SERVING ALL OF GREATER McHENRY COUNTY McHenry Savings W AND LOAN ASSOCIATION McHENRY < S A V I N G S ' t 111! IlllClltlll , S S* 1209 North Green Street, McHenry, Illinois 60050 - 815-385-3000 SAVERS HOURS: 9:00 a.m. to 4:30 p.m. Monday, Tuesday, Thursday and Saturday 9:00 a.m. to 8:00 p.m. Friday. Drive-In Window open Wednesday 9:00 a.m. to 2:00 p.m. MONEY MACHINE OPEN 24 HRS. A DAY EVERYDAY. DEPOSITS INSURED TO $40,000 BY FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION1___