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Page: of 4

Page Four
{six weeks of training, it was an-. ing are also part of the pre-flight
' nounced today by Commanding Of-. training for future Navy pilots.
i . ficer Clyde W. King. : Pie. John. Larue—
:° . To be eligible for this honor,. !Pfe, John Larue, member of one
Cadet Schiffner had to nmiaintain ni the army’s glider paratroop regi5; javerage of 3.4 or better out of a ‘Merits in the midwest, is home on a
. Possible 4.0 during the first half of . ten day furlough with his wife and
is training period at St. Mary’s pre-'son. Larue served as assistant dis. flight. j trict attorney of Nevada County be. Academic courses In wnich Cadet! fore entering the service.
. Schiffner excelled included celestial. Lieutenant Finnegan—
. navigation, advanced aerology, es-. Lieutenant Frank Finnegan, wife
. sentials of naval service and ae daughter spent the past week
Mary's College, Nov. 22.—Cecil G.}ed recognition of ships-and planes.!end in their: home in Nevada City.
Schiffner of Nevada City has been . Military subjects, including infantry . He was city attorney before enterplaced on the ‘honor roll at this pre, drill, seamanship, gunnery and com-. ing the service a year ago.
flight school in recognition of his munications, and an intensive ath-. } Lloyd Ruth—
scholastic excellence during his first , letic program for physical condition. ~ Lloyd Ruth, son of Mr. and Mrs.
Cliff Dodge, has gone to Bisbee,
Arizona, after a furlough of several
days in this city. He is. the second
son of Mr. and. Mrs. Dodge in the U.
S. Armed Forces. “Another brother,
Max Ruth, joined the marines. two
years ago.
Reginald Kennedy, Chief Petty
Officer—
Reginald Kennedy, who has been
in the U. S. Navy four years, is now
chief petty officer. He continues to
advance in his work and is stationed
on Treasure Island. Reginald is the
son of Mr. and Mrs. A. C. Kennedy
of Nevada City.
Oliver A. Kennedy—
Oliver A. Kennedy, better known
to his many friends and classmates
as ‘Jack’, is now torpedoman third
class. He writes his parents,. Mr. and
Mrs. A. C. Kennedy, that he jis
working hard. He is somewhere in
the South Pacific and states he gets
homesick but it is a pretty country
where he is stationed. He is treated
in a most kindly manner by the people residing there.
William Muscardini—
William Muscardini, sheet metal
mechanic in the-U. S. air division,
is still in England from letters received in recent days. He had received two Christmas packages from
local-relatives. He is the son of Mr.
and Mrs. J. P. Muscardini of this
city.
Lt. John Muscardini—
Lieutenant John Muscardini, engineer, is still teaching camouflage
at Mitchell Field, New York. He is
also administration officer at the
school. John is the second son of
Mr. and Mrs. J. P. Muscardini and
a graduate of the local schools.
Clement Henwood, Paratrooper—
Clement Henwood; paratrooper,
who has been in training in a camp
in South Carolina, arrived the latter part of last week for a two weeks
furlough. He is visiting his grandparents, Mr. and Mrs. C. MuscearHAVE HAD YOUR . FIRST f GOOD RAIN dini and other relatives. His sister.
foe OE emanate apt: a Miss Joyce Henwood, who is employed in Berkeley is aiso home for a
visit with her brother. A Thanksgiying celebration is being prepared for
a happy family gathering on Thursday.
Jackson Englebright,
Lieutenant, Jr. Grade— .
Mrs. Grace Englebright
a message from her son, Jackson
Englebright stating he had a few
day’s leave on the Atlantic Coast.
With his wife he was visiting his
uncle, E. A. Englebright, and family
in New York City. He received a new
assignment several weeks ago and BETTER FIX THAT ROOF RIGHT AWAY
has advanced to lieutenant (jg.)
carry all kinds of roll roofing, enough to stop that *
leak or enough to cover the whole house © Ming Tile Gai Rue stlas anid boo.
NEVADA COUNTY LUMBER CO) [/='s:'xoss, toot rosea in so
q 4
& die of Reno, spent Thursday in Ne: The Pioneer Lumber Yard
vada City visiting the ladies’ broth< er, Jack Snell and Mr. Beedle’: sisPHONE 500 244 BOULDER STREET NEVADA CITY
ter and brother in law, Mr. and Mrs.
ree
Hitchens.
IN GLOBAL WAR
Cecil G. Schiffner—
U. S. Navy Pre-Flight School, St.
4
GIVE YOURSELF A
“NEW” REFRIGERATOR FOR ONLY $5.85
REFIG-O-MASTER, sensational accessory ‘‘converts"’ all refrigerators
into ‘‘super-delux” performance! :
OTe eS eS SS ee
Ad
SAVES YOUR REFIGERATOR—Adds years to life. Cuts operating
expenses as much as 25-50%. Prevents costly breakdowns and repairs
ALPHA STORES, Ltd.
GRASS VALLEY — PHONE 88
the he he he he he he oh te, te RIE OR OR RO he he he hehe she he st, ce OR Ee ee Oe OR RR OE Oe ee ee
eiHidiolelolnleieieieigicieiniieioietotutetetatetutete
oS
i a i i tk a Tee ST eS eS eS ee SS ee ee Se re i ieee Tree eS eS
NEVADA CITY — PHONE 5
Be il le i ie ae
AR AR AR OR RR she she she at Bs
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receivéd
We
Sait say?
“Food’s a war weapon —
make the most of it!”
must have meat, es)
So if you find <3 and canned goods.
yourself mah less of “sit foods, remember, f, we
have to share She these war weapons with our fighting
men! >a Don’t forget, there are other foods.
the market that are plentiful—and (bf.. nourishing,
too. Let's make the best of them!” iis adcertisement contributsd to the
j
f,
war fort by Borden's Capital Dairy Co.
She Se” ABREIS WHAT FARMERS
SHOULD KNOW
‘. —$980, plus 24% of
Editor’s Note: This is the second
of a series of articles on Federal Income Tax prepared by Collector of
Internal Revenue Harold A. Berliner in San Francisco.
HOW TO PREPARE A FARMER'S
‘RETURN
Q How does the farmer go about
filing his estimated declaration?
A Practically the same as he did
in former years during the March
15th period.
Q . Many farmers will be filing income tax for the first time. What
necessary procedure must be followed in preparing the return?
A (1) Take the total gross receipts for the year:
(2) Substract the total gross expenses for the year.
(3) The remainder is the net.
profit on which, after certain deductions, the income tax is computed.
Q What steps are necéssary in
computing the expenses for the year
on a farmer’s income?
A Many things may be taken into consideration as the cost of running a farm—some are itemized below:
(1). Cost of labor.
(2) Cost of: irrigation.
(3) Cost of feed, for livestock—
such as hay and grain—not produced
on the premises.
(4) . Cost of repairing machinery.
(5) (Cost of gasoline or other
power used to.run machinery. i
(6) Cost of repairs on buildings
other than farmer’s dwelling.
(7) Depreciation on farm machinery and buildings other than farmer’s dwelling.
(8) Cost of supplying food
harvest crews.
(9) Farmers are allowed to deduct the cost of renting or leasing
land used in. agriculture.
Q .Are any other items to be considered as expenses in farming?
A + Yes: But the general ones
have been listed. There are other
items which may be deducted from
the net profit.
Q What are some of these items?
A (Contributions to charity—-real
and personal property taxes—medical
and dental expense over 5 per cent
of the net taxable income:
Q What is the difference in gross
profit—net profit and. net taxable
income as used in preparing income
tax returns?
;
A Gross profit is the sum of all
income for the entire year.
Net profit is the sum remaining
after the cost of running the business
or. farm has been substracted.
‘Net Taxable Income is the amount
remaining after such deductions, as
contributions, taxes, ete. have been
substracted. .
Q After the farmer has arrived
at his net taxable income, what steps
must be followed for the tax computation?
A Subtract tre personal exemption from the net taxable income.
Q What does the government allow as personal exemption?
A (1) Fora single
$500.00.
(2)
200.00.
(3) . For a dependent—$350.00.
Q When the personal exemption
has been subtracted from the net
taxable income what is the next
step?
for
person—For a married couple—$1,A This remainder is subject to}
surtax, and is called the Surtax Net
Income. :
Q What are the surtax rates?
A Listed below are the first six
surtax brackets:
Not’ over $2000—13% of the surtax net income.
Over $2000—but not over $4000
—$260, plus 16% of excess. ovar
$2000.
Over $4000—but not over $6000
—$580, plus 20% of excess -over
$4000.
Over $6000—but not over $8000
excess over
$6000.
Over $8000—but not over $10,000
—$460, plus 28% of excess over
$8000.
Q What is the next step? :
A Determine the earned income
credit.
Q. How is the
credit determined?
A If the net taxable income is
$3,000 or less, take 10% of» this
amount. If the net taxable ,income
is more than’ $3,000 take 10% or
20% of the net taxable: income, or
up to $300. The first $3,000-is considered as earned income.
ever the 10% or 20% is more than
$300, the total amount will be allowed as earned income credit.
Q Once the earned income credit
earned income
‘. has been determined what is the next
>
procedure? 4A First’ subtract the earned income credit from the surtax net income. This remainder is subject to
the normal tax of 6%. Add the normal tax to the surtax and that-is the
Nevada City Nugget — Monday, November 22;
ABOUT TAXES
total income tax due.
Q Are farmers subject
Victory Tax?
A’ Yes.
Q How is this tax computed?
A Using the amount of money
set up as the net profit, the farmer
deducts the Victory Tax exemption
of $624 and takes 5% of the’ remainder. fe ‘
Q Does the married farmer have
the same Victory Tax exemption as
a single farmer?
A WNo. A Married farmer on a
joint return has‘an exemption on the
Victory Tax of $1248.
Q Are there any deductions
against Victory Tax?
to the,
A Yes. Allowances of up to 40%
of the total Victory Tax may be taken for the purchase of government
securities, such as War Bonds; or
paying of debts acquired before September 1, 1942) only such portion of
the debt‘ may be considered as was
paid in 1943-—and the’ payment of
premiums on Life Insurance Policies
acquired before Septémber 1, 1942-—
only such premiums as were paid in
1943 may be considered.
(Editor’s Note: At the present
time a bill passed by Congress allowing the full 40% credit on Victory
Tax for every taxpayer regardless
of the above listed credits awaits
the president’s signature before becoming law. Taxpayers are advised to
follow the progress of this bill relative to deductions against Victory
Tax in this newspaper.)
1943
Q Is the-Victory Tax paid separately from the Income Tax?
A No. The Victory Tax is added.
to the Income Tax and both taxes,
Victory and Income Tax must be paid
together. :
(Editor’s Note: This is the sec-:
ond of a series of articles on Federal
Income Tax—see the thiird of these
articles ‘in November. 29 issue of the
Nevada City Nugget. on the correct
method to be used by farmers in
preparing and filing thé estimated
declaration. )
Must Report Property
Held In Foreign Lands
Citizens of Nevada City, California
who own any property in foreign
countries were notified by Postmaster Betty Martin West today that
they must file reports on their foreign holdings with the Treasury Department before December 1. The
notice was given by means of a poster placed on display in the post office.
Report:forms, known as TFR-500,
may be obtained through commercial]
banks, or from the nearest Federal
Reserve Bank the postmaster states.
Penalties are provided for those who
wilfully fail to file reports.
BREAKS ANKLE BONES
Earl Smith, living on the Tahoe
Ukiah Highway, just east of Nevada
(City, suffered a broken ankle last
week while moving a ‘heavy stove
from his home. He stepped on a
Pebble which turned his ankle and
he fell with the stove atop him.
He was removed by the. Holmes
ambulance to the Community Hospital in Grass Valley where Dr. Harry March placed his ankle in a cast.
Tf howWATE
He’s a pri
hot water for a tub bath.
occasionly.
your buying a new one.
* Telephone—Grass Valley 108
2. DRAIN YOUR WATER HEATER REGULARLY.
valve on your heater and run water
clear of sediment. That's all.
3. KEEP YOUR WATER HEATER CLEAN. Brush off the burner
CONSERVE AND SAVE FOR VICTORY! .
“pAMPER Your
R HEATER!
celess old dear!
Heavens to Betsy..wouldn’t it be awesome if your water
heater quit you cold? Here are four ways, however, to
pamper the old dear to keep him happily and faithfully yours for a long time.
1. CUT DOWN ON WASTEFUL USE OF HOT WATER. Think before
you draw even a quart or two of hot water. Was it nec.
essary? Make it snappy when you take a shower. Rinse
dishes in a pan.. NOT under a running faucet. Use less
To drain, open the
into a bucket until
4. DO NOT HEAT WATER T6O HOT! If your water heater has an
adjustable thermostat, set it to 120 degress. It will be
' easier on your plumbing, too,
plumber or repair man only
They are busy people these
Remember call your
when absolutely necessary.
days,
a se) : i GE eesetane
ie bshshstone he seen testes hee es ttt te seintteteteiene tte srteteei fetta
That Raincoat Of Yours
Is it stained here and there with 1942 mud splashes. Is
is wrinkled and frowsy from hanging in the clothes closet
all summer and fall. If it is not spic arid span, bring to us"
and we will clean it, and press it, and—renew it. You'll
hardly recognize it and-if you care for it, it may save
GRASS VALLEY LAUNDRY
AND DRY CLEANERS _
111 Bennett Street, Grass Valley
Telephone—Nevada City 2