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Show minriii SAN JUAN RECORD, Thursday, June 23, 1983 - Page 6 BiUs SILVER DOLLAR BAR Beer & Dining License Set-U- p Beer Sale $11.75 a case 672-224- BLUFF, UTAH 8 IRAs-MO- RE ADVANTAGEOUS By Francis M. Lyman, CPA LYMAN & THOMPSON, CPAs Blanding, Utah Because of the more liberal contribution levels, an Individual Retirement Account (IRA) looks better now than in the past. Any individual with earned income (wages or income) can make a tax deductible contribution to an Individual Retirement Account of 100 of earned income up to a maximum contribution of $2,000. If each spouse on a joint return has earned income of $2,000 or more, each is entitled to a full contribution for a maximum deduction on a joint return of $4,000. If one spouse is not working, the maximum contribution is $2,250 with no more than $2,000 allocated to the plan of either self-employm- ent , Crank Schneidewind of the Monticello Race Club poses with trophies that will be awarded at the demolition derby this Saturday, June 25. Olie Anderson and the Auto Daredevils will present daring and dangerous stunts before the derby. The show begins at 4 p.m, at the San Juan County Fair Grounds in Monticello. John Noxon photo Commission ( Continued from Page I ) Mary Lou Mosher, county recorder, pointed out that the copy machine in the courthouse is on its last legs. Mosher stated that the four year old machine has produced over 1.5 million copies and that repairs to the machine are now very expensive. Mosher indicated that a new copy machine could be leased at $851 per month as compared to current costs of $819 per month. The Commission asked for comparison costs for other copy machines before making a decision. Daryle Redd requested that the road department put signs on Road 331 off Peter's Hill to minimize danger to cars and cattle. The Commission agreed to place warning and speed zone signs on the road. in other actions, the Commis-- Court Report Sentencing set for June 23 at 10 ajn. for Merlin Kills on plea of guilty to felony in the second degree. Case involves the theft of an automobile and restitution will be required by the court. Sentencing set for June 23 at 10 ajn. for Johnny Hutchins on a plea of guilty to charge of DUI and no driver's license. Bail set at $330. -In- -Sight SMALL CLAIMS COURT Richard Guthrie vs Charlotte Johnson: Guthrie awarded $150 for expenses relating to vehicle damage in an accident for which defendant held responsible. Blue Mountain Foods vs Gilbert Dutchie: $55 awarded to Blue Mountain Foods. Four Comers Collection judgment of $11 against Scott David; $236 against Wilson Benally and $107 against Robert Martinez. Earl G. Crawford fined $35 on reduced charges of fishing without a license. Defendant entered plea of guilty and submitted, evidence that he had obtained fishing license following original charge. sion approved a contract for power to the Bluff TV translator; approved a social services contract for $39,400 for programs for the aging and financial counseling; and approved a building permit in Montezuma Creek subject to the contractor securing WEATHER a Utah license. David and Laura Severn GIRL Jerold and Tamara Stott GIRL GOVERNMENT BOOKS & MORE! individual. You are not required to make contributions simply because you have an IRA. If you establish a plan and find that you are short of cash in some future year, you may reduce or skip the contribution. If you own a business and your spouse is not working, consider providing your spouse with enough work to justify $2,000 in wages. This would allow for a full contribution to an IRA for your spouse as well. Some institutions setting up IRAs will let you direct the investments. You can tell the Trustee to put your money in stocks, real estate, money market, etc. These institutions will normally have a minimum administrative fee since they willnot necessarily make money from your investment program. If you feel you have a talent for making a good return on your investments, this might be the plan for you. Individual Retirement Accounts can be established and contributions made through the due date for the filing of the tax return including any extensions requested. An IRA funded for 30 years at $2,000 per year earning 12 will accumulate to $482,000. Your total contributions would be $60,000. ; Send for your free copy. New Catalog P.O. Box 37000, Washington, D.C. 20013 Without advertising, you wouldnt know Close out on Wurlitzer c O o o D 6 O Qd 9o tamm O 3 Q 3 in O c o - Q- rded Close Out on |