Forest Park Review from Forest Park, Illinois on January 27, 1971 · Page 20
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Forest Park Review from Forest Park, Illinois · Page 20

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Forest Park, Illinois
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Wednesday, January 27, 1971
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Page 20
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.•• .i i .vi.i-- PAR*.REVIEW, WEDNESDAY.. JANUARY27, 1^71, PAGE 20 Goldwater Asks Better Defense" At Lower Cost Sen. Barry Goldwater has challeni?ed American industry to provide a superior defense system in a time of inflation and criticism and to provide it at less cost. "We are "rapidly approaching a position where it is no longer possible to equate an adequate defense posture with a stated level of defense spending," the Republican senator from Arizona told the National Association of Manufacturer's Congress of American Industry. He continued : "Money, of course, is an important factor, but we have not been using it correctly. We have not fully exploited the latest products of technology in the development of an effective defense at a reasonable cost. It is fundamental that cost-effective security demands that defense policy, defense strategy and tactics make the best possible use of the latest devices produced by American know-how. And when a nation, for whatever reason—political, moral, intellectual, or what have you— fails to follow this principle, it eventually prices itself out of a valid security posture." For the past 10 years, he said, the Pentagon has been trapped in conventional type warfare but the need to recapture our strategic superiority grows with every passing day. In Memdriam RICHARD QUITSCH passed away January 30, 1968 3 years ago In our hearts you will always stay, Loved and remembered every day. Loving wife and children Taxpayers Ask I.R.S. This column of questions and answers 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 tax- Dayers. Q. The IRS says It will figure the tax for more people this year. Who can take advantage of the offer? A. Up to 30 million taxpayers may have IRS compute their tax. To qualify,^Income should be less than $20,000 and consist only of wages or salaries, tips, dividends, Interest, pensions or annuities. The taxpayer must also take the standard deduction. Previously, IRS could only compute the tax for those with less than $5,000 of income, primarily from salaries and wages. These limits disqualified many low and middle income taxpayers as well as retirees living on pensions or annuities. If you want IRS to compute your tax, just follow the Instructions for entries on the return and mall it, with attachments, to the IRS Service Center for your area. Besides computing the tax, the IRS will also compute retirement income credit for those entitled to It. This computation has proven confusing to many taxpayers in the past. Q. When can I expect to get my W-2? A. Employers are required to issue W-2 statements on 1970 wages paid and taxes withheld to their present employeesbythe end of January. Since this falls on a Sunday, the deadline for employers to issuethesestatements Is February 1. - . Any one who left a job before the end of the year should have received a W-2 within 30 days after his last pay check. Q. Where can I get Information on.the changes that will affect my 1970 return? A. A summary of the major changes In t'he law are listed on the cover of the,1040 income tax packages most taxpayers will receive in the. mall. Information on how to handle these changes are explained in the instructions. Additional Information on the tax law changes as well as other aspects of tax law may be found In Your Federal Income Tax. This publication may be obtained from most IRS offices for 75 f. Q. My husband is over In Vietnam in the army. What should I do about our tax return? A. You are not required to file a return until 180 days after he leaves Vietnam. If you want to file earlier because you are expecting a refund, indicate in the space where his signature should go that he Is serving In a combat zone'. ' Q. Does the income tax surcharge apply to all money earned in 1970? A. Yes. The income tax surcharge rate for 1970 is 2-1/2 percent. Q. My t eenage son earned enough money In 1970 to owe tax. Does that mean I will lose my exemption for him? A.' Not necessarily. As long as your son is a full-time student at lease five months of the year or. was Under 19 at year end, the amount of his earnings will not affect his dependency status. However, the other dependency tests, support for instance, must be met. Q. What tax rate should I use when I report my maid's wages for the fourth quarter? A. The combined rate is 9.6 percent, 4.8 percent each for employer and employee, and should be used when filing your Form 942, Quarterly Report on Household Employees, for the months of October, November and December. The deadline for filing and paying the tax is February 1, 1971. Note that the rate goes up effective January 1, 1971 from 4.8 percent to 5.2 for both employers and employees. Taxpayers who do not have to Hie declarations, such as those whose withholding equals or exceeds their tax due, have until April 15 to file their returns. A FULL SERVICE BANK Whatever your needs, the BROADVIEW- WESTCHESTER STATE BANK is always ready to serve you. Because we are a ONE-STOP FULL SERVICE BANK we offer you the advantages of Checking Accounts .. .Savings Accounts ... Safety Deposit Boxes . . . Loans . . . Travelers Checks ... . Christmas Club Savings . . . Government Bonds ... Payment of Utility Bills . . . Drive-In Banking ... Twen+y-Four Hour Depository. BttOADVIBW-WESTCHfSTEn STATE BANK 1500 Roosevelt Raid Broadview. Illinois 60153 Telephone 312:344-1680 "your Community Bank" Obituary FRED R. VIRGILI of Hollywood, Florida died on January 12,1971. Formerly of Forest Park. Beloved husband of Mary. Devoted son of Jennie. Dear father of Bernard (Barbara) Vlrglli (of Hollywood, Florida), Charlene (Dean) Finneyof Brook" " ther of Fousto, Bruno Grandfather of 5. Hollywood, Florida, 1971. THOUGHTFUL DIGNIFIED Zimmerman & Son FUNERAL DIRECTORS 7319 Madison Street Frederic D. Ehringer, Director phone 366-2200 St. Peters to install Councilmen on Sunday Pastor Richard W. Roth will Install councilmen of St. Peters Lutheran Church, Hannah at Adams, during the 10:15 worship service Sunday morning (Jan. 31). Elected to the council at the annual congregational meeting last Sunday werePrescott D. Aeplnus, Jack Donohue and Robert Strassinger. Reelected for another term on the council was ' William Marousek. Retiring from terms on the council are Peter Thlesse, Larry Kaercher and George Hupp. Pastor Roth will deliver the sermon at Sunday's service and Howard Fischer, lay reader, will serve as liturgist. The Senior Choir will sing Henry Purcell's "Thou Knpwest, Lord, the Secrets of our Hearts". As offertory music, the Children's Choir will sing "God's Love" by Esther Fuller. At the congregational meeting last Sunday, church members approved annual reports of the church staff, committees andor- ganlzations as well as a total budget for 1971 of $44,590. Of this amount, $13,000 is slated for benevolence. St. Peters Evangelical Lutheran Church was founded in 1899 and is a member of the Illinois Synod, Lutheran Church in America. FUNERAL HOME NATIONAL SELECTED MORTICIANS 203 SOUTH MARION STREET - OAK PARK EU 3-3191 Since 188 ° \ CROSSWORD •» •» •» By A. C. (Ionian} ACROSS 1 - Clarification 11 - Legal bond 12 - Creek letter 14 - tender 16 • Krypton (chem.) 17 - Ossettan native 1U - Correspondence afterthought 19 - Pronoun 20 - An abrasive 21 - Stipend 22 - Wanderers 24 -That la (abb.) 25 - Unit 26 - Little devil 27 - Particulars 28 - Ribllc way (abb.) 29 - Iblll 30 - Union of Nation «1 Security (abb.) 31 - Measure of quantity (abb.) 32 - I'ntwtw 33 - Girl's name 34 - Scottish "to" 35 - Public notice 36 - Wandering 3» - Matured 39 - Scottish Gaelic 40 - American Education (abb.) 41 - Pronoun 42 - Italian poet 43 - Day segment 44 - Lose luster 46 - That Is (abb.) 47 - Provider of heat 49 - This and that (three words) DOWN 2 - Kecetver of real estate 3 - limpioy 4 - Two centuries In old Rome as ma BEES UJUB UilUCJtlBJ IUUE! UilU HJUHB UU HUH! HUB 13 UUDliJ QU.EB 5 - Irritating 6 - Beetle 7 - .. shucks! 8 - ftrseveres 9 - Eject 10 - Exist 13 - Affirmed 15 - Stood up 17 - Mathematical magnitude 19 - The cosmos 20 - U.S. southern state (abb.) 21 - Transmits 23 - British legislator (abb.) 24 - Pierced 29 - Turned aside 30 - Not titled 33 - Inter-American (abb.) 34 -.In die direction of 37 - In reference 3V - Girls' name 43 - Hay on words 44 - Bog 45 - Adjective suffix or comparison 47 - Musical note 48 - Football position (abb.)

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