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Socials
Mrs. Nellie Cunningham and tier daughter Mrs. Wilma ' •'f New York returned to th Tuesday after spending lue weekend in the home of Mr. and Mrs. George Majors on Breeze Hill.
William Aylor is a patient at the University Hospital in Charlottesville. We hope for him a speedy recovery.
Tax Q. & A.
The exemption I
Question: claimed for my uncle is being r disallowed. Can I talk to anyone else about this besides the agent who examined my return?
Answer: Notify the examining agent that you do not agree with his disallowance of the exemption you claimed and request that a district conference be arranged. At this conference, your side of the story as well as the agent’s will be reviewed on the basis of the facts and law involved.
If the tax in question in any one year is $2,500 or less, no formal or written protest is needed to obtain such a conference. The people who handle these conferences are specially trained and are not attached to the units responsible for examining returns. This helps assure an impartial review.
Question: I inherited some property last year which I now plan to sell. How can I tell whether I’ll have any profit to report?
Answer: If you sell the property for more than its fair F market value was at the time the decedent died, then you may have a profit to report. Don’t forget, however, that you may deduct expenses you have in connection with the sale to determine whether you have a gain or loss.
Question: I pay a girl $5 to come on Wednesday afternoon to help me with the heavy housework. Do I have to pay social security for her?
Answer: If you have this help on a regular basis then you may have to file Form 942, Employer’s Quarterly Tax Return for Household Employees, and pay the Social Security tax due. This return is required if cash wages of $50 or more are paid to a household employee in any one calendar quarter.
In your case, payment of $5 a week will add up to $65 for th second calendar quarter. The tax rate is 4.4 percent for the1 employer and 4.4 percent for the employee. A check for the combined amount of $5.72 should be sent with your return.
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Male Help Wanted
To work In FKKD M AN CF ACTUM NG PLANT ns machine operator, mixer, etc.
WAGE SCALE *1.7.’. lo S2..70 hr. Pnid vacation, hoHpilnlirntlon, retirement benefits, etc.
See Mr. I.enp or Mr. Cornett
Culpeper
Farmers Co-op, Inc.
Ilrnmly Itoml, Culpeper, Vn.
K-l -frk
|g BRIBE HR mra
85.8%