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their own personal exemption
jwhen filing a tax return, Mr. Boyle said. Parents who furnish more than one-half the cost of support for their child who i6 a full-time student may also claim him as an exemption on their tax return, unless the child is married and is filing a joint return with his or her spouse.
No Changes in Tax Rates
Because there have been no changes in the Federal income tax and social security withholding rates for 1968, employers should continue to use their present copy of Circular E, “E!mployer’s Tax Guide,” James P. Boyle, District Director of Internal Revenue for the Richmond District, advised today. Mr. Boyle stressed that employers should not be expecting a new issuanceof Circular E, also referred to as Publication No. 15, but should use their current edition for withholding information and tables Employers can make certain they have the latest edition of the “Employer’s Tax Guide' by checking the front cover to make sure that it bears the notation, Publication No. 15 (Rev. Jan. 1967.) While there has been no increase in the social security tax rate for 1968, Mr. Boyle pointed out that the maximum annual income subject to social security has been increased from $6,600 to 7,800 for both employees and the self-employed, effective January 1, 1968. The social security employee tax tables in the current Circular E can be used to accomodate this increase, Mr. Boyle said.
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