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McHenry Plaindealer (McHenry, IL), 5 Feb 1948, p. 9

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5,1MB l^• • -..- V*'•&*••> - <» • •>..-.•••• ' *tj?& - - ? *&.*&>.«&}? *'>u ;-'N •;*" • • Kf ... \ v r " ' V* * - « >-5> *1 'J- ^ /, , * mjk :f w-i £-'* -•;,' •/"' *: What in the e»-caBed "*«t and "Ion* fom"ntarni? A. 1040 is anl it ft "Aftt font" 1 «bn th* hi is dstsnatnod from the tax table oa hc« 4, and as a '•ton* form" retBra; •>•• the tax aehedole . H Q. Who can use Form 1040 aa a "short form?" What m» its ad- •antafdrT A. Anyono with income of less than 18,000 wpidhii of type or town. In Ifl ovt'eoly the lint two paces and* tsar off Page I and 4. By use of tho tax table, 70a receive an automatic allowance of approximately 10 per ceat of your in- |Come for deductions Instead of hav- 'inf to list them and flfore the tax. Q. Does that automatic allowance cover all deductions? A. No, only taxis; expanaea, union dues, etc. Purely business deductions such as travel axpoaaaa of an employee, repairs of a landlord, cost of .gooda of a merand seed of a farmer can be MrW (abject toggaHjadts exjlainad on Foon 1040) ^or either a short or Imv form return, but not on a Withholding Statement. Q. How do I count my exemptions in «adng the tax tabic! A. Count the namoa of all yoa am eligible to list In Item 1, Pago 1» of Form 1040. A family eompriaing husband, wife and two children is usually entitled to four exemptions. Q. Is Form 1040 filled out diffreqoently for a "short form" than a "long form?" A*. You fill out Pages 1 and 2 in either case. On a "short form" disregard page S and only consult Page 4. On a "long k'v iU. • <•& V • BOY! OH BOY! just received a big load of furniture and* tilings. Ton better hurry down. Bargains galore and we sure mean BARGAINS Gen and Is's Store TKLXPHOME 48&W Third house on East River Road, going south from State Bridge. ,**111 out Page S aad Ttre$tone GROUND GRIP TRACTOR TIRI use FWm lO* as a "mag form" return T A Ab|om fahfttoM snore than approximately 10 par cent of income. Most persona with income of $6,000 Or over itemise deductions? A. No, not unless they want to claim more than a flat allowance of $500. Q. When a husband and wife file separate returns, can one take the standard deduction while the other itemises deductions? A. No, they must adopt the same method unless they are legally separted and not living together. j list of dedcutions is too; large for the allottted space of Page S. What do I do? A. List all deductions on a separate piece of paper, write the total on Page S, and attach the list securely to your Form 1040. Q. What exemptions am I entitled to on my 1947 tax? A. You are entitled to an exemption of $500 for yourself, $500 for your wife under certain conditions and $500 for each dependent. Q. How do I take credit for exemptions on my return? A. You list the exemptions as called for by the form. Tfie tax table on Form 1040, Page 4 makes automatic allowance for your exemptions when you file your .Withholding Statement on a "short form." If you file Form 1040 as a "long form," you write the total amount of your exemptions on Line 4 of Page S. Q. When can a husband claim an exemption for his wife (or a wife for her husband?) A. If they make a joint return, or if she had no income and was not the dependent of another taxpayer (her father, for example.) If husband and wife file separate returns, each must claim his own exemption. Oafar BafttMP Church IB ten * at ChdjwtMu. 8. a in lmt. acoqrfling to jffiz 'X - 1 -»• , M l M » . - y s r y n r : 1 0V - V • » T » 3 C « ' X W . •' • -i 3 - * " / * > * * • * ' •»* • *'• • &U ;r * - ^ J* j """ available _ predlctkms The two big to ha aolved fcra materials which high tanperaturet and davetoping nt the boat out of the sjrstetn Atomic power piles wffi not ax-r plode like an atomic bomb, they* claim. The first atomic power piles If yea float tit1-* Mudw ro- .wU1 compete with coal or oil,: maaee aad geei bwmess sense, ^ undouotadly will be uae<t Leap Tear Day, February 29, offers 1 for special applications where the the nppoMaaitv te take * took at the {cost of power does not prohibit use^ It*1 - r- •* VBited Sutes i An estimated 10 or TOtotts of shield*" irnt I. -i,,* | wwM be necessary foig wrnSrt te^be valm ef Savinrs Bon^ * 10,00# h p* atomic engine. as meaaasat by tbeXeap Years: These scientists believe wheats Saviigs Basi -- li4t, S18.75, .atomic power is jferfected, a plan# fntjnduMe jpriee; 1H4, tZOM and I big enough to aupply a city of 100,000; 1»48L WUt. ^ . persons could be hdliaeA in a relaf IN Saviags Bent -- 1940, SS7.S0. Mv»i« «m*tt twMrtnr* % pnrchaeo i IMS. $MJt $lM8avt the atomic pile of gettbigl 5KTS* Veat Met Mpiamsila, the a half a pouqd. At the " ' -I can move at a speed of per houK but^ only for a ,v'. r i ! " /% ' I vk'- «M yMif •ml bring kit friicripHen. bin O ^iiiiiiuil iklijgiife jjfrili" Coarse that will bi^ yOa .. lv. symptom--and one that new emtgj far the day's . I should not be neglected, work ... Perhaps be will Go and have a talk with write a prescription. Ifao away, well, we'd Kke to < kVtags Bend -- 1940, $75.60. price; 1944, $M.M and Bay 8a ZSSi ZL on® Wrtcr is desert and the re* Qnarian Africa is the land of quarters. One through the quarter of its area ia forest and «>• your Doctor right away. --weil, Let him diagnosejoar pound itfor yoa from oar ' condition aad chart a stock of Crash, poredrags. S:| BOLGER'S DRUG STORE ! PHONB 40 *"s 'X ""%'k I':-.. ' where you ferit If yen are self-em- " ^.T,™ * ployed. Watah year nest-egg grow, IT " quarter is cultivated, Worl aafely, snrely, preWably. » \ encyclopedia discloses.^ «. S. Traeturj Dtfirnhmm KaUroad Ragle 8aC( If ..i s A new type of "radio seat'* haa been developed for use in railroad ears. The speaker of the radio ia installed behind cushioned uphol. stery at ear level in the backs of reclining seats in coaches. The speaker is wired to a centra] receiving unit which hSrs/6utlets for four different progiams The pa» senger can make his choice by s finger flick of a dial placed on the arm of his seat, and the volume of reception is regulated so tftat it ia said to be completely inaudible to the person sitting in the adjoining seat, enabling two persons sitting side by side to tune in different prosr^ ms without any interference.. Soybean Back to Utaina American processors' soybean products are being exported to the landa of their origin, the Orient. I \ Yes We Hsve Ne Bananas I1 U Most people will be surprised to i i I learn that bananas don't grow bn | "trees," the plant being a species ; of the lily family; and that the fruit is classed by botanists as a berry, i The banana plant is an annual, that j is, it completes its life cycle in a j' aingle growing season of from 12 to j < 18 months. Each plant produces I, only one stem of bananas during its | lifetime. 0 I1 Now is the time to get your TRACTOR TIRES vulcanised and retreaded by the FIRESTONE FACTORY SYSTEM WALTER J. FREUND Tiree -- Tabaa -- Battarlsa -- fire and Take V< Al Work Cera In Gaatemahft • . : Iowa State college has set tip a research laboratory in Guatemala to study corn. Corn was first cultivated in Guatemala by the ancient Maya tribes 1.000 years ago. Manufacture of Sagar The laboratory of every bed! sugar factory exercises thorough control over each of the various steps of manufacture. A typical mill will make over _80D chemical and polariacopic determinations in 14 hours for guidance of factory operation prevention of losses. In addition to these control tests, the quality of finely granulated augar is subjected to rigid tests, usually four in number--an electrical or conductivity test, a turbidity teat, • color test and a candy teat. Sugar thus prodaced tests at least 99.0 per cent -use PLASTIC C9RU9S J*.! HOME KJUUNEKT 7*** Mm Kit *2 15 Head the Want Ads n HUNTERS SHOTGUNS ONLY Sunday, Feb. 8th, 9 a. Starting from clubhouse on old Crystal Lake Road, % mile BOutSr-^ WMt of MoHenry. EVERYBODY WELCOME J V fiolger*s Drug Stpie % V- ... \ .j. »0i>fww Brick Lasts Reinforced brick used 'in the construction of St Albans cathedral ia England haa lafted for 1.SQ0 yearf. at Wattles .MOVES FORWARD BY LEAPS aad BQUNEjS OPBf IWWQI AND SUNDATt *:r%sr. K • Ynr fHrwIII mra as taast all Ifckt Itif witk tka New amaging gnn-type oil bnrning unit with forced air. Compares with units twice tike cost. Can be used in basements, utility rooms and homes without basements. Automatic controls by Minneapolis-Honeywell. , , - Capacity 120,000 B. T. U's for homes up to 6 rooms. 2,800 cubic feet hot air per minute. Units at present installed at McHenry Sand ft Gravel Co. and Downs Motor Transport For iaftirmition regarding the New HestO Ma^ v Priced at $395 PHONE McHENRY 227-J 7'^ -^ _ • " . FOOTWARMER ihifflfw a steady, waimich to that frigid; at the foot of your bed. Sise, ir *34". Pi>ob,$735 tax. 1 G. E. BLANKETS . Twin bed, one control $37.85 Double bed, one control ... $31186 bouble bed, two control $49.86 -CARET ELEC1MC SHOT 119 S. Oroen St. MeBenrjr, m. • It is now well known and demonstrated that Dodge is done in its own field, and moving fast into all fields of automobile selection..It is a car whose qualities of performance have nothing to do with price, simply because cannot buy them elsewhere. . •si . " v# The Lowest Priced Car with FluQ-Jhipe V '*K> TC - .ifVWBe*,-* *• ./*• A. & BLAKE MOTOR SALES, INC. 901 Er PEARL STRESS IftoHENRY, BUMdm t*/ i - -v LL- '?*§*?: >J' :iiik±££ir , ...... _,v. ^

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