Indianapolis Times, Indianapolis, Marion County, 19 January 1949 — Page 10

4 Person Can't ot Split Earnings “fixie id Examptions on Married Couple’ s Separae Returns

TAX COMPUTATION-FOR PERSONS NOT USING TAX TABLE 08 PASE 4

Tres atooon shown 10 ie 4. This is your Gross Income. CRB | 38, deductions; me ine 3 br rage inemiand above. dns the total of mech Se se

bottom of 9 to 13 in ve.

assumes the same adjusted em

al .

which Collector's

goa poe itemized, enter a ea of + : Bator che difference here. This is your Net Income 4 Maliply $600 by voual member of exempuions claimed in item 1, page 1. Enter total here.

“adsl

Co 1x 3 a

By 8. SURTON JJEATH

THERE a no te apilitting ‘for the single person—or for the married person who chooses to file a separate return. These use only the first eight lines of the Tax Computation schedule at the -3, ignoring Lines

For comparison, the completed schedule shown with this article

gross income, the same itemized deductions, the same six personal exas the Does had. (You notice that the income-split

the their sum in the right-hand col-

Tb Lp ee

land gilts selling 50 cents to $1

\entative tax on. amount shown in line 3 Gi item 3, shove, includes 490! 80 tax-exempt interest, soe Eater the tentative tax here. ’ $ b. Lap A Wh ru Sake Sh, dat att, Line 6 | Lik 78| 86 over $400 but not over $100,000, enter Se rs re . Stns . over yg $13,000 plus 9:75 om... ofa. al es from line 6. combined normal ax ANd SUA arenes saxsussnsan e—

save $11.36 under these conditions.)

Lines 1 through 5 are ‘prepared, by single persons, just as they were on joint returns, as told in yesterday's article, subject to the warning below, Line 6 is handled here just as Line 10 was on the joint return, using the same rate schedule. Line 7 is handled here just as Line 11 was on the joint return,

now.

Schedule D, enter here tax from line 12 oo back of Schedule D.........

using the same discount rates. Line 8 shows the net tax—Line 6 minus Line 7. Since the income was not divided earlier, the tax| does not have to be multiplied

The only differesice in the first five lines, between this individual return and the joint one discussed yesterday, is In the ceiling on the Siang Deduction allowed on|to Line

The maximum Standard Deduc-

but ‘that for a married person filing separately is only $500, If

than ‘the ceiling you can not take more than that, anyway, as Standard Deduction, But you can always take your own itemized deductions, if they are greater than the Standard Deduction ‘allowed on your return.

Facnesam san!

tion for a single person is $1000, ¢

10% of your Item 6 is greater|V

Market ‘Uneven At Stockyards

The hog market opened active and uneven in the Indianapolis Stockyards today with barrows

higher than yesterday, but later trade was less active most of the earlier gain lost. Good and. choice hoge In

160-220-pound class brought $21 to $2225 in the early Er

Hogs wi $20.50 to $21.50, and a few, $22| in early sales. Later sales were at prices from $20 to $21. Weights 250-290 pounds brought $19.50 to $20.50 early jwith one load of uniform 290 pounders bringing $21. Weight: 200-330 pounds sold at $19 to $19.50 with late bids down to $18.75 or less. Lightweight

in Late Trade |

PARTLY CLOUDY AND CLOUDY AREAS

down from the

north wi

. TODAY AND TOMORROW—A eeld wave is area. Strong winds flowing more piercing. Notice how far south the new cold

LEGEND

2. Yor

IEEE) ET

(he wo rumnes. UL RAIN

FOTOCA 51 fm SR

apg artento “AREA

5 Coe] ww

ripping Indiana, Illinois and the Groat Lakes il make this new bitter cold wintry air even spell is forcing the freeking Nine,

Add (A) and (B) Add (A) and (B) and show

ite the black arrow, as ance - payment on 1948

umn, op

vassdas

to more trouble

You need not sign

questions are clear and | simple. They should be answered. If you don't, you may have to go answering them jury.

before a notary. Your signature itself is

ods of collecting. Check the prop-

they for what they feel is due, interest.

—— year wils Qo Buthusl) making & wpamte Swe lcs Toulr ici Fe To” er Cor) tt ee

You have a choice of two meth-

brought $34 to $36, common to

or space in the black-face line

10 to Wh which youl, select. .

(a) If, ordinarily, your tax than your withho)dings,

iochnde ol thei lncomse 4nd BOTH MUST SIGN, sven thoush solr 90¢ bet locome

an oath—to the truth of the return, so far as you know. An intentionally false return is per

If you are unmarried, or married but filing individually, only

~If this is a joint husband-wife return,

floge, both must sign even if all HEARING, SERVICE

the income beignged to one.

for income-splitting priv.

Tomorrow: The Short Form

1040 A.

tr [Ransacked, $50 . Taken

A Measure of Comfort

At time of bereavement people find themselves faced with strange decisions to make . . . unfamiliar tasks to perform. In such time of emotional stress Shirley Brothers stands ready to make things easier and to bring some measure of comfort by attending to the many necessary little details.

For over half a century Shirley Brothers has been ‘fprivileged to serve Indiarapolis. families . . . carrying out the duties entrusted to them with dignity and responsibility.

CENTRAL CHAPEL IRVING HILL CHAPEL WEST CHAPEL

“ed for work this morn

Burglars ransacked several offices in the John Deere Plow Co., 1025 W, Washington St, last night, taking less than $50 in change from a wall vault. J. W, Beattey, 48, of 2328 Broadway, told police he discovered the break-in when he reporting. En‘trance was gained by breaking a lock on a rear gate and smash-|

Feeney RL) Speak Mayor Al Feeney will speak at the annual dinner meeting of the Boys . Club Association at 6:30 p. m. tomorrow in the Athenaeum. Club officers and directors will be : elected and the glee club will pre- MAICO OF INDIANA sent a musical program,

is of high

"ito choice natives, bearing wet

==!man of The Indianapolis Times,

medium, $24 to $32. Culls sold {mostly at $17.50 to $23. | Fat lambs were, fully steady in sheep market and one deck .to choice fed lambs 81 pounds sold at

averagi Good

$25.50 per: hundredweight.

fleeces, sold at $24 to $25. A short deck of mostly good falshomn fed “yearlings held steady at $21. Slaughter ewes were quotably steady and the bulk df medium to choice weights were eligible to sell at $6 to $9. Receipts of livestock ‘in the Stockyards, according to late estimates, were hogs, 6100; cattle, 900; sheep, 750, and calves, 250.

‘A. W. Barrow Elected Conference Director

A. W. Barrow, stereotype fore-|

has been elected as a director of # the Great Lakes Newspaper Mechanical Conference meeting in Cincinnati. Other new officers of the group are W. R. Coddington of the Youngstown, O., Vindicator, president, and Lee Doll of the Indianapolis Star, vice president.

Nazo

. west, wherever you go. Maico technician near to give rsonal hearing care. Your Beat offices are located at . . .

816 Hume-Msnsur Big. MA.

watch from a

Detective “Routs

i Prowler at Home Detective Sgt. James T. Gaug-| han, 3012 N. Kenwood Ave. routed a prowler outside his home last night, firing three shots in the air. Sgt. Gaughan sald he saw the man between two houses as he

for the man to halt then fired the shots but the prowler only ran faster, It was the third time in two weeks the prowler had made an appearance at the home, he said.

was returning home. He called }}

Swiss

With Swiss Cleaning YOUR SWEATERS Will Look Belfer Because We Hand-Block ‘tm!

He B very Bweater Separately Wrapped in Cellophane.

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% Enticing Neckline Faggoting. | Figure Slimming Side Drape.

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Ny ae ha ARE es 1,1, wf 29 ee 0 100-160 £ pow pounders brought $17.50 ft La rn s Ee ~~ | to $20.50, Indiana Stocks and Bonds Official Weather 36. Bacer here any income tax paid at source on tax-free covensot bood interest Sows sold about 50 cents high- "| Stokely-Vin On 10] UNITED STATES WEATHER BUREAR 17: Add thie figures on lives 13 sod 16 and enter the tots] bere. $ er than yesterday at $15 to Stokely. Vs Van am Bid RR I ; hs 1949 j Be uh 1. Thisis {$16.50 and choice lightweight aoe EO a A al. 11 «3 ST : nM Almost nobody using these/tax to any foreign County. of tolif this is a joint return—or from! head brought up to $17. A Suited Risphone oy % 14 cone ou ae Roa racpiaion 24 hrs. En sm articles will use lines 14 through|any U. 8. possessic ih Fuerte Line 8 if this is an individual re- Steer Sales Steady Re nb WOE ee nn SRT oi ih cl g exam hy en mses ae ane 17 “of “the Tax Computation from your collector, fill it out, and turn—to get Line 18. The chances| gioerg and heifers, 950 pounds 9 Amerioan Loan oes hs 9, zadsas 7 base Tin tng ae Showy. 1h Ympans Schedule... Lie show on Line. 15 the amount of (are that Line 18 shows the same| down sold about steady in rela- «| Bastian Morley fe 83 un 9 aks ation . | High Low due 14 is for benefit of those that tax, so as not te pay it twice./figure as Line 13 for a joint re-|tion to yesterday, but there was Bunver Perciiiser 38.8 ..... 8° 010 Bor in. SE i with long-term capita rwise, “gr urn, or as Line 8 1 little action on heavier weights. : Citizens Ind 4%s 61 10 ess. |Chicago ... “ gains, to make sure that Uncle on as wills on Lines. Buku. 9) as 8.0n ah Individual Several lots of good yearling Pu rd Columbia Club, 3-80 43... M4 wn Cincinnati ~ qu am doesn’t get more than 25%.|ers have anything here it will not| Line 18 is the amount of tax|steers weighing 800-1000 pounds Sia fooster Crows Gs, $6 8 Denver i It does not you unless Your pe discussed at all. The chancesito which Nncle Sam is entitled on|80ld at §23.50 to $25.50. Simi %|indpie Brass & Alum 8 86. 97 i {PL Wayne | Lab Item 6, page 1, was more than|gre thousands to ohe that your|your 1948 income, But probably|grades of heifers brought §23 1 |indois Pal 3s 10 HE “a x $22,000 (or $44,000 in case of a answer here is “0.” you already have raid most or $24.50. 8 ndpls lens bs a iin 62% 65% | Kansas CO u v joint return.) ‘Add your zeros on Lines 15 and/all of it. You may even have| Bulk of common to medium He arp] RTcStore Telebhony i ne % ii If you took the de-|16 to get “0"—or what is there lover-paid. So. there is one step|steers and heifers 900 pounds and| Home angsenamp 6s 86 | Re Orleans 1] 8 jon ignore Lines 15, 16 and|if there actually is anything—and remaining. down, sold at $17.50 to $22. Few POLIT RL enindiel lun dd rend i 1H 17, If you itemized ~fenter the sum on- Line 17.. Turn back to page one of the head in the run were eligible to a Pub Serv las 18 Lill... 100 103s | Pittaburgh 8 a 15—Did you pay income! -Subtract Line 17 from Line 13,ireturn. sell above 3850. i unde a Et Taieis san Francisco Lge Cow: were barely’ steady. How- dpi § Local Produce } re. 8 . goes, some bidding was 50 cents Wa fh Er oo mon Te $ ito $1 lower on canner and cut- inp iL P Powis, 4% lbs. and fT Se; U. S. Statement . _ = | 8 How much have you paid on your 1948 income tax? r ters. A few common to good indpls Ral BF od. ous s Ibs. and Leghorns, te : spring- We De Yay CO Toul as i fe 2, shoe tach Orga ome W-3... pla | beet cows brought $17 to $17.50./'xinean’ : cocks, 17c; stags, 20c; No. 3 po WASHINGTON,. Jan. 19. (UP)—Governuser] (By payments on 1948 Declaration of Entimated Taxon. s20| 60 Canners and cutters sold at $13.50 feist han No 3 oe. 4b gaa ARSE S00 SAS a com- = to $15.50. rd | 9%; Grade A large, 41¢; Orade’A A medium, | pared with a ago: : 9 Myoar tax (tem 7) is arget than yavincas (oem 8) enter MUARSE OF TA OE here... $ Bulls sold at prices 50 , cents|M ie, Oise 8 large, ole G imal $15,200 171.483 ¥18.400.558,158 “This balance of tax dwe must be poid in full with return. *i lower than yesterday with two Noth com 3 HN uttertatonto. L Gl: No. 2. Soe. Receipts 10.147.047.018 ie 10. Jour payments Cem 8) ate larger than yout taz(iiems 7, enter the SHEAMIMEN? hese. 1's 129 loads of good heavy sausage .\N Ind ‘bun Bers +% pla 100s MW = t 12,023,634 | (7) whether you want this oveipayment: [R; or Crodiiod on your 1900 estimated tax (J : 1 |bulls going at $22. The bulk Of (N Ind Pub Serv “at old lew Local Truck Grain Prices gash Balan SI ni n P com ver 18% 20%) —- 71a : medium to good sausage and] = Msiory com 2 12% Ne 3 Tod wheat, $203. TT Gold Reserve 24,264,469,062 22,789,418,331 rk : beef bulls brought $20 to $21.50. [Pub Serv of .Ind com ....... 20% 22 |.No. 2 white corn, $1.26, ” Le : : Pub Serv of Ind 3% pfd.... 81% 84% No. 7 vo Se oN INDIANAPOLIS CLEARING HOUSE Whether you took your tax; Be sure to distinguish between Item 8 are greater than the tax Vealers in Short Supply Ross Gear & Tool com ...... 34. | No. 3 oats, 6sc. CIOAHIDES +... sussasspivngrssne $ 8,645,000 the tax balance you may haveshown in Item 7, Uncle Sam owes 2 Ind AE'pde ilaGdw 108 | New No.3 yellow soybeans. sais. Debits... [lll 39,000,000 paid last March 15 on 1047 in-lyou a refund. Subtract Item 7, Vealers, in very short supply, v come and the advance payment|from Item 8. Write the difference sold ~ steady Hb esterday ve made that same in Item 10. ices. Good

BUDGET FASHIONS, Downstairs at WASSON'S ““¥

The - apolis” che General As

Pool

WASHIN pleased to hasn't chan He still coming fron Mr. Rich Pennsylvani for money b it in a nice, a few days. Ever sinc Mr. Rich hs philosophy t been unsucc Oh, the | when he sit spend some Mr. Rich week, Ther official inauj mission tax, Why, Mr 1 $50,000! Ta could afford pay the tax,

House Ya THE Hot cided, 199 to

Mr. Rich recently. H

Mr, augural wild Now 65, Woolrich, P

WASHIN jamin Jr.;-0 with the lon most luxur} fastest (140

ousine In An

That wai tiful behem Tom Clark, car dealer, ¥

Since th