Northwest Arkansas Times from Fayetteville, Arkansas on May 1, 1974 · Page 22
Get access to this page with a Free Trial
Click to view larger version
May 1, 1974

Northwest Arkansas Times from Fayetteville, Arkansas · Page 22

Publication:
Location:
Fayetteville, Arkansas
Issue Date:
Wednesday, May 1, 1974
Page:
Page 22
Cancel
Start Free Trial

Page 22 article text (OCR)

Questions About Social Security Editor's Note: This column is a joint effort or public service hy the TIMES and t h e Fayelteville Society Security Administration office. Mrs. Rose New;xme, district manager. Anyone having a question about social security is invited to send it to Ihe Northwest Arkansas TIMES 72701. All inquiries must be signed and should include address of (sender- Names will not be - published. Q. Just what is the annual earnings or retirement test? A. The annual earnings test really consists of two parts: Part I is the total earnings during a calender year that a beneficiary can earn and still receive all of his social securily benefits. If an individual earns over this amount, part or all of his social security benefits may be withheld at the rate of $1.00 for each $2.00 of earnings over the earnings limit. Part II permits a beneficiary to receive his check, even though his earnings were over the total earnings figure, if for any month during that year his earnings did not exceed a certain amount. The monthly amount is generally computer! on the yearly amount divider! by 12 months. For instance, during \9n the yearlv figure was 52100.00 and the 'monthly amount was $175.00 North**** Arkaniot TIMES, Wed., May T, 1974 , AHKAMUI 13 Old Question: No Longer Just For Teenagers *'May I use the car?" This question is no longer the exclusive property of some :een-ager asking dad for permission to use the family auto. With growing shortages of fuel, restrictions of emission limits and other regulations facing the motorists, soon the whole nation might be asking, "May I use the car?" As we enter the period of the year when car ownership and operation is most pleasureable - vacation lime - the motoring public must face up to some unpleasant facts. The energy shortage is growing more severe and pessimistic sources predict that the price of a gallon of gasoline may climb even higher in (he near future. There is talk of revoking the very privilege of driving in certain areas of the country. This is particularly so in locales with high concentrations of cars and with smog-prone climatic conditions. It may require uncommon optimism to see the flimsiest silver lining in these black clouds but there are some posi- tives emerging from this negative state of affairs. One such positive is the growing realization on the part of the car owner that there is indeed a "tomorrow" as far as the supply of gasoline is concerned. The motorist can no longer operate a car without considering the need to conserve fuel. Therefore, he accepts the fact that he must both drive sensibly and maintain his car to get the best possible fuel economy. An increasing number of owners are aware high speeds and erratic driving are shameful wasters of fuel. A speeder and practitioner of jack-rabbit starts and habitual lane-changer uses significantly more gas than the prudent driver. Add to this the car owner who neglects tune-up, who fails to keep his tires inflated properly and commits other maintenance transgressions and you have as much a compelling reason for gasoline shortages as all the problems in the oil-producing world combined. The th'reat to your right to operate your car has its roots in the energy crisis and air pollution problem However, the level of pollutants from cars is un a steadily declining plateau. All cars built since 1967 have some form of emission control devices. As low emission- equipped vehicles replace older cars without such equipment, the air is getting cleaner. And as more motorists are made aware that engine maintenance keeps emissions low, even the older cars are emitting less pollutants. It's no exaggeration that the average citizen would be lost without his or her car. Therefore. Ihe average Joe and Jane is looking at his car in a new way. Reports For Duty Air Force Sergeant Joseph Hacker, son of Mrs. Charley M. Clark of Gravette, has arrived for duty at Keesler Air Force Base, Miss. Hacker is a 1970 graduate of the Gravette High School. City Policemen To Compete For Honors FayclleviUo policeman Blake Tune and Charles Vanderpool have been invited to compete for the Outstanding Student of the Year award May 10 at the A r k a n s a s Law Enforcement Training Academy at East Camden. The two were judged outstanding students d u r i n g their t r a i n i n g at the Academy, which made them eligible for the competition among outstanding students from all classes conducted d u r i n g 1973. Q. I am receiving a social security benefit and working part-time. I understand there has been a change in the amount of money a person can earn and still receive all of his social security checks. A. effective January 1974, the yearly amount a person can earn and still receive all cheeks is $2400.00. This was raised from $2100.01) in 1973. Earnings are counted from January through December of the year. Q. I was 62 in December 1973 and filed for my social securitv to start January 1974. My earnings will be' $3000.00 for 1974. I have been informed that my monthly social security check will be 5150.00. How will my earnings affect my social security benefit? A. First. $1.00 for every $2.00 earned in excess of $3000.00 will be withheld from your checks Based on your estimated earnings of $3000.00 for 1974 $300.00 will be withheld from' your check. This is computed by subtracting the $2400.00 from the $3000.00 and dividing b two. Assuming you earned over J200.00 a month in January and February, your check' for .$150.00 (your monthly benefit rate) will be withlield'for (host two months to offset your excess earnings of SSOO^OO. You will receive your regular monthly check for March through December. Q. Soveral people have told me that [here has been change in the retirement L . for the year a henefician reaches age 72. I will be 7' in March of this year and am still working. Has then been a change which affect; me? A, Effective J a n u a r y 1973 any earnings in or after the month a beneficiary reache. age 72 will no longer be counter In computing his total earning for the year. In your position only earnings for January am February will be counted. 1 your earnings for these twi months are under $2400.00 yoi would be entitled to socia security benefits for [he cntir year, regardless of addition,! earnings from March on. Q. I am a social securilj beneficiary and I will be 72 i July of (his year. I have beci told thai earnings after age 7 do not count when compulin yearly earnings for the retire merit test. ] am still workin as a self employed individur and estimate my net earning at $6000.00 for the year. A. A self-cm ployed perso will have his earnings pro-rate for the year he a t t a i n s age 72 As you will be under age 7 for six months of the year, you pro rata earnings for the retire ment lest would be one ha of your yearly net. or $3000.00 As $1 for every $2 would b withheld for earnings ove $2400.00. your excess earning as it applies to the reliremen test would be $300.00 for th year. ,0% ' A" 5 ,, age 72 in !Uarc 19M and had no earnings befor that month. 1 opened a sma business from June throng September 1973 and had ne earnings from self emplovmen of $3200.00. As I made' ov, $2100.00 will part of my soci security benefits be withheld fi the year? A. No. As your only operate your business June throue .September, your earnings from self employment would ha occurred after age 72. Effeclu January 1973, earnings afte age 72 will not be used totaling earnings for the annu earnings tsst. Q. I estimated my earning for 1973 to be under $21000 I received all my soci, security checks for the yea I have just receiver! my 1ST W-2 and it jhows earnings $2300.000. What should I do? A. You should contact ym social security office, with you W-2. and make a report of you earnings for 1973. As you ma over $2100.00 and receiv social security checks for months, you will be overpa This overpayment would c withheld out of future check This report should be mai before April 15. 1374. Q. . I am currently receivii «oci»l security checks and I a not working. Is it necessary f, me to make an anuual repo tvery year although I am n working? A. No. If you receiver! soci security checks for each mon in the year, and you did n n ·ork, you do not have to make ·B annual report. ^·"·Ult h^p^*~««t Campbell-till Spring Favorites V3ro. ewi6 STARTS TOMORROW--OPEN 9:30--8:30 Short sleeve pantsuits featuring the shirt-jac look in polyester solids and checks. Sizes 8-18. Values to $46.00 Sale $32.00 Smart styled dresses for Spring and Summer wear in colorful prints and solids. Sizes 8-18. Values to $38.00. Sale $28.99 Casual long dresses featuring the newest look for summer. A variety of styles in lovely pastel prints and pat- ·binations. Sizes 8-18. Values to $42.00. Sale $32.99 Better Fashions Second Floor The Go With Alls Vairety of Tops featuring sweater looks, halters and novelty top in bright spring colors. Sale $6.99 and $8.99 Fashionable junior pants in plaids, prints, stripes and solids from "New Digs" and "Apple Pie." Sizes 5-13. Reg. $15.98. Sale $8.99 JUNIOR SPORTSWEAR SECOND FLOOR The Knit Sensation For the fashion-minded junior we bring you 2-piece skirt sets and knit dresses from "Apple Blossom." Some solid--some embroidered but all done in pastel combinations. Values to $30.00. Sale $18.99 Not pictured--a group of sleeveless print dresses. A great huy! Sale $15.99 JUNIOR FASHIONS SECOND FLOOR SHIRTS OR BLOUSES "Ship 'n Shore" The group features the current styles for Spring in both solids and print blouses. Sizes 30 to 38. Values to $15.98. Sale 33K 3 Off BUDGET FASHIONS STREET FLOOR "Shirts"--an assortment of short sleeve prints and smocks for the junior. Perfect to top any pant. Value to $11.98 Sale $7.99 JUNIOR FASHIONS SECOND FLOOR Tops Bottoms Your choice of junior tops in a variety of styles and colors. Values to $7.98. Sale $3.99-$4.99 Jeans from "Rumble Scat" in several styles guaranteed to give you that bleached-out look. Values to $13.98. Sale $9.99 BUDGET FASHIONS STREET FLOOR A FIRM BEGINNING · Group of Warner bras, fiberfill cups -- sizes 32-36A, 32- 36B-C. Reg. S5.50. Sale $4.49 · Lace bras. Reg. $5.00 Sale $3.99 · One group of bras, famous name brands from regular slock, broken sizes. Vs to !/2 OFF · Girdles and Panty Girdles From regular stock. 1/3 tO 1/2 OFF FOUNDATIONS SECOND FLOOR THE CLASSIC LOOK Right: A great selection of short sleeve pantsuits to take you through the summer months. Assorted styles and patterns. Sizes 8-18. Values to $32.00. Sale $23.99 A PERFECT DRESS Left: A group of ladies' short sleeve dresses in assorted patterns and colors, a really great buy. Sizes 8-18. Values to $32.00. Sale $16 and $22 A group of ladies' culottes in assorted patterns for the missy customer. Values to $15.98 Sale $10.99 Budget Fashions Street Floor

Get full access with a Free Trial

Start Free Trial

What members have found on this page