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Show - - - - - - - - - Page Three Friday, January 15, 1 9 4 3 : - - - - - - - - - - - - - - - THE SENTINEL, MIDVALE, U T A H - - - - - - - - - - WHAT IS INCOM E TAX? FORM OR RETURN Persons subject to Federal income tax must report their income to the government on forms, or blanks, prescribed by regulations. These forms are obtainable from any Collector of Internal Revenue, and generally from any bank. Special forms are designated for corporations, for partnerships, for trusts and fiduciaries, and for nonresident aliens. Farmers who keep no books of account on the accrual method must attach a special schedule to their return <Form 1040F). For individuals, two forms are used, depending upon the amount and source of income to be reported. Form 1040. This form is intended for general use of individuals who are citizens of the United States, or residents if this country, whether citizens or not. It spaces to show the contains amount of income from various sources, deductions allowable, exemptions and credits, computation of tax liability. As most of the items require some explanation in order to be allowable, the form also contains appropriate schedules to show in more detail how the income or the deductions are determined. Form I040A. This is a simplified report, which may, at the option of the taxpayer who makes his return on the cash basis, be filed instead of 1040 by citizens and residents whose gross income was $3,000 or less during 1942, provided all this income consists wholly of one or more of the following: salary, wages, dividends, interest, or annuities. In using this form itis necessary only to enter the amount of gross income as shown, deduct the credit allowable for dependents, and insert the appropriate amount of tax in accordance with one's personal exemption status, as shown on the table on the reverse of the form. This form has no entries for deductions allowable, since the taxes indicated in the table on the back of the form are computed after taking into account what have been considered average deductions for persons of this income class. REPORT OF THE CONDITION OF SANDY CITY BANK, Sandy, Utah, and Midvale Branch of Sandy City' Bank, Midvale, Utah IN THE STATE OF UTAH AT THE CLOSE OF BUSINESS DECEMBER 31. 1942 ASSETS Loans and discounts (Including $849.79 overdrafts) ..................$ 569,569.15 Umted States Government obligations, direct and guaranteed 546,200.00 5,000.00 Other bonds, notes, and debentures .............................................. 198.20 Corporate stocks ............................................................................... . Cash, balances with other banks, including reserve balances, and cash items in process of collection ...................... .. 672,881.23 Bank premises owned $9,750.00, furniture and fixtures 12,350.00 $2,600.00 ............................................................................... . 135.00 Real estate owned other than bank premises.............................. .. A taxpayer should, therefore, consider carefully which form would be appropriate for his purposes. Whichever form is employed, all the information called for in the spaces should be inserted so far as applicable to the taxpayer, in order to avoid the expense to the government, and the possible inconvenience to the taxpayer, of subsequent check and inquiry. With each return form is a set of accompanying instructions, and these instructions should be carefully read by the taxpayer before making his return. Returns for the calendar year 1942 must be filed not later than March 15, 1943. They may be filed by mailing to the collector of internal revenue of the appropriate district in which is located the legal residence or principal place of business of the taxpayer. If the return is filed by mailing, it should be posted in ample time to reach the collector's office on or before March 15, 1943. Returns re ceived later than due date are subject to a penalty variable according to the lateness in filing. We sleep, but the loom of life never stops, and the pattern which was weaving when the sun went down is weaving when it comes up in the morning.- Henry Ward Beecher. Cease to inquire what the future has in store, and take as a gift whatever the day brings forth.Horace. Basis for defining essential farm products and for determining what workers are necessary to the war eff•}rt, and hence to be placed in 2-C or 3-C, the new agricultural sel!?'ctive service classification, was William 1 €'leased this week by Peterson, director of the Utah State Agricultural college extension service. Production of 16 "war units" will be required under the deftnitions set ~P by the agriculture department, and approved by the war manpower commission, for classification of a farm worker as The production that essential. counts is to be that attributable to the worker's own effort, whether on one or several farms, states Director Peterson. Each of the essential farm products is given a relative value in terms of war units, according to Director Peterson. For example, • each of the following is equivalent to one wac unit: 1 milk cow, 20 feedlot cattle, 75 egg producing units, 20 hogs, 45 range sheep, 40 turkeys, two acres of potatoes, 15 acres of wheat, hay or barley, five acres of corn, peas or beans, .4 of an acre of medicinal and insecticide plants, .7 of an acres of strawberries, raspberries or other small fruits and berries, one acre of tomatoes, carrots, onions or cabbage, and two acres of sugar beers. The table of war units also lists . ... LIABILITIES Demand deposits of individuals, partnerships, and corporations ..................................................................................$ 997,701.31 Time deposits of individuals, partnerships, and corporations.. 534,523.50 Deposits of United States Government( including postal 4,842.31 savings) .............................................................................. .. Deposits of States and political subdivisions............................... . 129,241.00 34,103.52 Other deposits (certified and officers' checks, etc.) .................. .. TOTAL CAPITAL ACCOUNTS ............................................$ 105,921.94 TOTAL LIABILITIES AND CAPITAL ACCOUNTS ........$1,806,333.58 *This bank's capital consists of $16,500.00 of capital notes and debentures; and common stock with total par value of $40,000.00. STATE OF UTAH, COUNTY OF SALT LAKE. GERALD H. SMITH, being first duly sworn according to law, deposes and says, that he is Cashier of the above named bank and that the above and foregoing report contains a full, true and correct statement of the condition of the said bank at the close of business on the 31st day of December, 1942. GERALD H. SMITH. Subscribed and sworn to before me this 6th day of January, 1943. C. C. CRAPO, Notary Public, (SeaD Residing at Sandy, Utah. My Commission expires July 30, 1944. Correct Attest: HEBER A. SMITH, HEBER J. BURGON, A. M. NELSON, Directors. STATE OF UTAH, Office of Bank Commissioner. I, J. M. Knapp, Chief Examiner of the Banking Department of the State of Utah, do hereby certify that the foregoing is a true and correct copy of the statement of the above named company, filed in my office on January 11, 1943. J. M. KNAPP, Chief Examiner. Our Specialty- WEDDI NG INVITA TIONS * 71te /Jtif/lltLie ~eHtiHel HIGH QUALI TY- LOW PRICES Phone Mid. 178 VASES VASES * 136 N. Main VASES VASES VASES VASES VASES BEAU TIFU L GIFT S FOR BIRTHDAYS. HOLIDAYS, ANNIVERSARIES Or Any Other Event. Come in and see our fine assortment of NOVELTY and ART PIECES ORCHID S AT ALL TIMES Every Day Is Flower Day SISYA S3SVA S:ISYA 1"11 > til t'1 til MOCK GIBLET NOODLES-Saute . small iieces of liver or kidney or precooked heart in hot shortening. Make a sauce out of the pan drippings or use mushroom sauce and add meat and sauce to hot noodles. Don't pass judgment on sundries until you•ve tried this dish. LIVER BURGERS- Grind uncooked liver, using the coarse knife of the grinder, add about ~ as much bread crumbs, chopped onions and seasonings to taste. Add enough beaten egg or evaporated milk to bind mixture. Shape into patties and fry quicklr. Grand with whole kernel corn. Safeway Homemakers' Burea• J(JLIA LEE WRIGHT. Director (/) S3SVA Draper Qualify Laying Mash . and Send Your Eggs to DRAPER EGG PRODUCER S ASSOCIAT ION W. E. CAIN & SONS Phone:Mur . 750-W 429 E. 39th South Now Out Every Tuesday-FRE E The Family Circle Magazine is designed for your family's reading pleasure and it's yours fo~ the taking each Tuesday. Timely articles, up-to-theminute movie reviews, special recipes, household hints and other interesting features are a regular part of this sprightly magazine. Get yqur free eopy each Tuesday. ~"Nt'~ Coffee, lb......... . 2Sc EDWARDS Luxury Blend Coffee, lb. . . . . . ... 24c RICE, 2 lb. pkg........ . .21c Fancy Blue Rose BROWN RICE, lb. pkg.... 14c M. J. B. 1 RED BEANS, 4 lbs..... .28c WHITE BEANS, 4 lbs.. . 28c Small Red Mexican for Chili Large Navy, Delicious Baked LIMA BEANS, lge., 2 lbs. 24c Delicious with Ham BABY LIMAS, 2lbs........ 20c Try These with Ham Hocks Housello ld Needs· NOB HILL Quality Coffee at a Saving Lunch Box, pint ... 25c Sandwich Spread Kraft's Spread, pl. 27c Margari ne, lb. . ... 29c DALEWOOD, Top Quality Margari ne, lb.. .31c NUCOA 'We ore coop&ratJng • •• cooperating with the Government•s P'to keep down the cosLof living! Our ceilln• prices ore marked or are posted for "cost of living" items. Our prices are no higher ..-. • often len ••• than our ceiling prices. Margari ne, Sunny Bank, lb. 23c Bread, 20 oz. loaves, 2 for. . . 15c JULIA LEE WRIGHT Su-Purb , 24 oz. pk. 20c Cracker s, 2 lb. box ......... . 31c Granulated Soap Premium Sodas Pop, 24 oz. pkg.... 23c Graham s, 2 lb. box .3lc Granulated Soap HONEY BEE Tissue, 4 rolls ..... 22c Saltine Wafers, lb. box .. .18c NORTHERN .15c Saniflus h, lge. can 19c Syrup, 12 oz. . . . . . . ..... SLEEPY HOLLOW Pure Cane and Maple BOBBETT o.r AMERICAN BELL Pancake Flour, 48 oz. pkg.... 29c Facial Tissue ..... 18c SPERRY'S 500 Pack Pancake Flour, 3 lb. bag ..... 17c Cleanse r, tall can ... Sc PANTRY PRIDE SUNBRITE 3lc Beer, Pabst jumbo 32 oz. bol.Deposit) (Plus T'issue, 4 rolls for 30c COMFORT, 100 Sheet Rolls Beer, Blatz jumbo 32 oz. bot. 30c STAMPS FOR BONDS! BONDS FOR VICTORY! A half filled album is like a half equipped soldier, only 50% effective. Fill your album TODAY CEILING PRICES WERE OfSIGNED 6Y OUR. GOVERNMENT TO PROTECT US AGAINST INFLATION. EACH STORE ESTA6LISHES ITS PRICE ON fTC. < 111 For Best Results this Season Start Your Pullets on CEILING PHICES -AND OTHERWISE > en tTl en > til Buy your Milk Bottle Caps here. (Plus Deposit) Mustard , Derby, 5 oz. jar ..... Sc Sauce, 5 oz. jar 13c Derby . ·-· .. -- Steak ..,. ~ < < > (/) S3SVA There•s no need of too much worry about making your meat allowance stretch when there are all those delicious bonus meats that can be had (at l~ast at this writing). I speak of sundry meats such as liver, heart. kidney. pigs' feet and all those extras that don't come in on the meat quota. As far as nutritional value goes, they have everything that other meats have, and in most cases, more too. Liver, heart, and kidney are right on top of the list when it comes to contributing iron to the diet. They're vitamin foods, too, for they contain vitamins A, B, C, and some D. If you'\·e built up a psychological resistance toward them, it is most likely because you've probably never tried them. But if you like chicken giblets, then you're bound to like these bonus meats. (/) < til Ph. Mid. 49 S3SVA S:ISYA < > til M Phelps Floral Bonus meals in the menu PROCRASTIN ATION It is an undoubted truth, that the less one has to do, the less time one finds to do it in. One yawns, one procrastinates, one can do it when one will, and therefore one seldom does it at all.-Lord Chesterfield. the conversion factor of each product, Director Peterson explains. This is multiplied by the number of animals or acres to determine the war units in each case. The units are then totaled and become the basis for selective service classification. You save money when•you buy good foods in bulk-the cost of en expen· sive cen or peckege. Top quelity beens, rice, lentils, etc., scientiAcelly pecked under \he most rigid senitery conditions ere the kind you set et S.fewey. SPANISH KIDNEY - Remove white centers and tubes of kidneys, slice into thin slices, brown quickly in hot shortening along with chopped onion. Cover with tomato sauce or canned tomatoes and steam for about 15 minutes. Serve with rice or spaghetti. and ANNOUNC EMENTS Keep rags you have used for polishing furniture for dust cloths 81Jll( FfJ()IJ VAliJES TOTAL LIABILITIES (not including subordinated obligations shown below> ........................................................$1,700,411.64 56,500.00 26,000.00 7,021.94 16,400.00 For cleaning furniture, try the new bottles of glassed wax and polish. They're ever so convenient to handle and you can tell at a glance just how much is left. . ·g.,.... .. TOTAL DEPOSITS ..........................................$1,700,411.64 WAGE STABILIZATI ON Under the general stabilizatioa regulations recently announced by the U. S. treasury, in accordance with the Byrnes stabilization program, both salaries and wages are to be stabilized as nearly as possible at the level prevailing on September 15, 1942. However, employers of persons who earn $5,000 or less a year will not be allowed to reduce salaries without the approval of the commissioner of internal revenue, while those employing persons earning morethan $15,000 may do so without such approval of the commissioner. After using the floor mop in one room, run the vacuum cleaner over the mop to remove the dust and dirt before going on to the next room. This eliminates the need for shaking dust and dirt out of a window. SA FE WA Y TOTAL ASSETS ........................................................................$1,806,333.58 CAPITAL ACCOUNTS Capital* ................................................................................................$ Surplus ............................................................................................... . Undivided profits ............................................................................ .. Reserves <and retirement account of preferred capitan .......... .. until they are toQ soiled. The oil remaining on the rag will pick up films of dust. War Units Determine Essential Workers For Draft Deferment WHY. EILEENYOU POT ON YOUR HAT AND COAT. Wf"~L GO DOWN TO 6/.FEWAY ANO I'U. 6HOW YOU. PRICES FOR "COST OF LIVING" COMMODITIES MUST 8f POSTED IN EACH STORE, SO THAT 'IOU CAN SEE THAT YOU AREN'T OVERCHARGED. THEii:E'S NO RESTRICTION ON HOW lOW ITeMS CAN &E SOLO. THAT'S A GREAT tOEA OF THE GOVERNMENTS TO PREVENT PRICES FROM RISING SKY·HIGH SAI'EWAY IS CO·OPIOAATJNG WITH ~e SPII~IT AND LETTER OF THE PRICE CEILING REGULATIONS |