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Show jfJhat Are Your Chances Jt Taxes Being Audited? jj ror the average taxpayer. ng in Davis County, what f the chances of his federal I ome tax report getting a I fca rough checkup this year? ?B O SOME extent, the luck 4 the draw will decide. A tain proportion of all re-ns, re-ns, taken at random, will scanned. Others, because jTiarithmetical errors or I'ause some entries seem to I,lji3ut of line, will be selected lllthe Internal Revenue Ser-e Ser-e computers for further miration. Jhe auditors will have jore them various (idelines. A principal one .tllPicerns the relationship of if itemized deductions listed r'fifi the amount of income V rted. If the ratio seems to unusually high, a more ailed check will be made. jf0R DAVIS County tax-yers tax-yers to know what is typical in the matter of deductions would be very helpful. A study made by the Commerce Com-merce Clearing House, authority on tax law, based upon national data supplied by the IRS, indicates just how much the deductions have amounted to in recent years at each income level. IN GENERAL, it shows, families throughout the country with earnings equal to the Davis County average, have been listing deductions of $3,210 or approximately 22 percent of their income. Among those with lower than average earnings, the deductions taken usually represent a relatively large proportion of their earnings. On the other hand, those in the higher brackets have smaller deductions on a percentage per-centage basis, although the dollar amount is greater. THE FIGURES show that while local families at the $8000 to $9000 level will be having deductions of $2,520, if they conform with the average elsewhere, those in the $10,000 to $15,000 bracket will be listing approximately $2,920. Of the $3,210 in deductions generally taken by families whose incomes equal the Davis County average, $408 is for contributions, $1,080 for interest on loans, installment debt and the like $1,274 for state and local taxes and $448 for medical and dental outlays. THE COMMERCE Clearing Clear-ing House cautions that the deduction figures are merely a guide to what most people have been listing and that proper records must be kept to support all claims. |