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Show Page 3 HILL TOP TIMES July 9, 1982 illtiiry psy check amount depends on taxable income and the number of exemptions claimed on the W-- 4 form. "For example," Johnson said, "An airman basic who is single with no dependents previously paid S68..74 in federal taxes. In July, the tax will be reduced to $63.50, a savings of $5.24 per month." To compute the tax savings, follow these steps: Compute taxable income. This figure will usually consist of base pay only. However, if individuals receive special pay, like flight pay, demolition pay, pro pay, etc., add these amounts to the base pay to determine taxable in- Military Pay and Customer Service Center officials said there will be something extra in the pay of Air Force active-dut- y and Reserves this month. Responsible are the 10 percent federal income tax reduction and lower come. premiums on Servicemen's Group Life Insurance. SGLI Deduction Rates Deduction Coverage No charge 0. $ 5.000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 -- $ .86 1.16 1.74 2.32 2.96 3.47 4.06 Take the figure obtained in step 2, . use the applicable single or married tax chart and figure the federal withholding for July 1982. Subtract this amount from the withholding shown on the June Leave and Earnings Statement to figure the exact tax savings. According to TSgt. Ted Johnson, Military Pay Unit, the increased pay of military members is due to lower federal income tax withholding rates. The exact If rrrrAJjrr-- r 12 Married, claiming: Over 0 but not over $100 Over $200 but not over $506 Over $506 but not over $998 Over $998 but not over $1,545 Over $1,545 but not over $1,967 Over $1,967 but not over $2,408 Over $2,408 but not over $2,850 $117 12 percent of excess over $200 $36.72 plus 16 percent of excess over $506 $115.44 plus 19 percent of excess over $998 $219.37 plus 24 percent of excess over $1,545 $320.65 plus 27 percent of excess over $1,967 $439.72 plus 32 percent of excess over $2,408 $581.16 plus 37 percent of excess over $2,850 For information on military pay, federal withholding, call TSgt. Ted Johnson, Ext. 77486. For information Bountiful Chamber visits here visited Area Bountiful Wing. They then visited the Chamber of Commerce Hill AFB Wednesday. They received briefings on the mission of Ogden Air Logistics Center and the 388th Tactical Fighter aircraft F-- 4 depot programmed maintenance line and saw an 6 Fighting Falcon. F-1- Afterwards they conducted a combination luncheon - board meeting at the Officers' Club. c.A.n.s. COMPUTE AUTOMOTIVE REPAIR SERVICE 53 North Fort Lane i I" on SGLI, call the Customer Service Center, Ext. 76975. About 20 members of the YffOT CAM pti percent of excess over $180 plus 16 percent of excess over $267 $94 plus 20 percent of excess over $742 $154 plus 24 percent of excess over $1,042 $241.84 plus 30 percent of excess over $1,408 $381.94 plus 34 percent of excess oyer $1,875 $532.22 plus 37 percent of excess over $2,317 $742 but not over $1,042 $1,042 but not over $1,408 $1,408 but not over $1,875 $1,875 but not over $2,317 $2,317 CASED F4PM f The amount of income tax to be withheld is: the amount of wage is: claiming: 0 but not over $117 $117 but not over $267 $267 but not over $742 Single, Over Over Over Over Over Over Over Over 1 and subtract $83.33 for each exemption claimed on the W-- 4 form. For example, a married individual with four dependents should subtract $333.32 ($83.33 x 4). If single or married with no dependents, do not make any subtractions. If unsure of exemption filing status, obtain it from the June 1982 Leave and Earnings Statement. also decrease slightly, as depicted by the new rates below. Cost of part-tim- e coverage for Reservists does not change. Military Pay Federal Withholding Schedule withholding allowance amount is $83.33) ( Each Over $2,850 Take the figure obtained in step The SGLI monthly premium rate will Following are withholding rates: (Old Mr. Brake Building) EXP ERT W OR K AT RE AS ON ABLE PRICES ATLTTMD EjQW B4PWN BEILEWEmS! SAILIES 4 71 8 WEST RIVE RD ALE ROAD o Just West of Riverdale Rd. Viaduct J7 8-- 4 ED TENNIS RACQUET STRINGING (15 Yrs. fixed! PICKUP Reasonable prices Utah Boot and Shoe Repair Mon.-Fr- i. Nylon $10.00 SFN 9-5;- 30 - HAPm Graphite 12.00 CALL:62 $22.00 1-8- P1I0IIE 1 s. 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