| OCR Text |
Show i" -- S LJ r4 l Ihe Salt Lake Irihune, Sunday. NotvsnRtr axloni Chevrolet Set ' a esier(hiy'l8 Tips :S'Vw V t ; . ?-- f O . fcfwawW'WfB- wyflk fK" "Th ' t ! . r , ..y r 44 fi t y yy vA ' 4? 4, &.. it . . V ,, w. v,, 'A t 'V , r-- Wx - - A. i" 3. 1 kTu x ' , , vy : 1 ''A tt"- At, 'lycWdf) T J,jjK3ja. V k ' At V ' it s "v-- rw.f " yMg, i?(i N, rl " "SWai 'vy a JT,JV tr ,t 7 a f y-- , tv5s x t-- )A,V 7 T' r r v .is., V ifi w v-- y - .. fui.jurners civic orgamw ' ,0 a - ui, ;- - - . $ i . ,. 4 . ;. P' , - - 5 By Jacob Smith, CPA Year after year, tax advisers give three kinds of advice good bad, and mediocre fso what else is new' Wbwts new is that pvpu the very best tax advice may have a very sboit hfe, and often enough that advice is soon obsolete A long time ago when the combined FICA 'Social Security) tax amounted to a maximum of $90 a year, the conventional wudom was that if a wife dd some work for her husband in, for example, a small, incorporated busoess. she had lx'tter be sure that she got her own separate salaiy check and thus guarantee her own Social Security account, with greater benefits, when she retired Well the price of FICA skyrocketed over and over again In 1973, that same tax bad mounted to a mavimum of $1,2()3 60 and was still going up. If the wife m 1974 is still on the payroll tor perhaps a partner) for the maximum amount after so many yeais, it is just about impossible for her to break even. And thats not counting cost of related unemployment and compenthe ailer-ta- x sation insurance. This is so because she would be entitled to suhstanhal account without invest' r.g a benefits unde h, r cent m FICA. Also, if invested elsewhere, that cash would have doubled or tripled by now Do yourself a favor and find out if last year's ad ice is still in style this year y:7i x'pfZr -, - i A , a yS. ' ' 7 74 A - v v E,yrtSW I - , Jp ; VuMtaXa8 Finlasun, LP&L research crams research prn- - Val A. engineer, Business Portrait: V al A. Fiulavson 11 t lollfls And so he is. u a manner of speaking, as one can readily tell as he proudly n;h aks of research projects involving the commercial use of breeder reaetois. gai huge and centra! solar collection s stem'- - for generating poer his hard hat in But Dr Finlayson in reality as is firmly planted sight plain on himself he directs his statf of one reseauh projects for Ituh Power 1 Light o t r, As research engineer for I'PAL. a post he has1 held for almost three years, Dr I'mlinson is charged with coordinating ad the utility s research projects which me contracted to labs and local universities Results The results probably w.ll affect the way Hahns heat their homes and run their appliances for the next 30 years Utuity lirnis in the last decade, for the first time e have become serious about ) planning for alternative energy sources oi I)r Finlayson, a 19 University I tab PhD in nuclear engineering and plasma physics, is firm in his bebef that government and utility - companies -- houldn t put all their energy eggs m one basket that all alternative energy sources should be explored fully .He a':-- firm m his hehef that coal is tile 0niv feasible energy source for home eiit rgy production in the next decade Coal is now responsible for 93 percent of the and that eneigy generated by IP&L hguie in increasing. Solar energy for home heating is tia hnologic ally feasible, but not vet reliable And the cost is prohibitive'' Dr h inlay son pointed out g long-rang- o Not Imminent Solar Solar heat for commercial home use is i spec ted to be ready in the next decade, huSil. he said energy sources Oilier aie men tarthcr in the future By the mid penis, nuclear energy should begin to coal pick up some of the burden from while geothermal energy tapping the exotic-soundin- MFS g Rporl litot of the earth's interior - and solar enei gy for home heating only could begin making small contributions to the total energy supnly After the yeai 2!0. onl. nuclear, solar and fusion should be viable energy sources with smatterings of such other methods as hydroelectric power and burning municipal waste to prodiue steam and then elecfneilv UPS-L'research budget has increased liom about $100,000 in 1971 to almost $1.1 million in 1974 and coordinating a half dozen widely scattered research projects w on Id seem to be all one man can handle Professor at L, BYU But the Dr Finlayson also imds time to be adjunct professor at both the University of Utah and Brigham Young University and chair two committees of the nationwide Electric Power Research Institute. He also serves as vice chairman of the prestigious Utah State Advisory Council on Science and Technology (which advises both the legislature and the governor i, holds memberships on three other planning and advisory committees and makes one or on two speeches a week to civic groups the usual 'opic. Future Energy Sources iFor instance Dr Finlayson will address the Utah Section of the American Institute of Mining, Metallurgical and Petroleum Engmeeers Thursday at 6 p m tith South, on at the Rodeway Inn, 154 solar tidal shale and conventional energy te sources A college education for Val was expected H1 wa intrigued with the lives (if scientists who spoke to Lis classes at Jordan High School, so a caieer in science seemed logical and consequential Earlv influences on him included Henry Eyiing. professor of chemistry at the University of Utah. Thomas Parmley, now professor emeritus of physics at the university and his high school science now a teacher. Richard Peterson specialist m science education with the Utah State Board of Education "!ve always been interested in the win Id around us and the sciences give the most information about it, Dr Finlayson explained Thus a combination of aptitude and interest led him to the sciences and the research program al Utah Power & Light Co., which he says "is ju.A the ty pe of work i -- Realtors Moe 9 1 Properties lections PUBLIC AUCTION Members of the Multiple lusting Service of the Salt Lake Boerd of Realtors sold 94 MACHINE TOOLS utiio cew moth im , Krr?t D oO'Vj.ve roJ oi cum Tool during the Simons, board president, re Cv fMtft i oNCiliobropes sold foi hv t max ai a ui pih i joint Off. tquip., Mist. Supplies, Etc. ZIMMERMAN & ASSOCIATES, AUCTIONEERS E. 56rh Ave., Denver, Colo. 80216(303)222-176W0ITF OP Al I FOR RPOTH1 1PF Itl isn.-kh- 9 r ' i -- fer j the most complete inventory of truck parts in the intermountain area. We stock afraid that onr stock nnay not last lOfxj ba orar now before the hoiiacy rash q s s it pie j of aai Our LnoD at Hen e le'vce ara se tct fn'in stn cal h qh : c'h tha through taX.h fanni.f Cor foa'ue ,s Bonaparte a t zc1 or suPfe cGrs A'so sb o w r 16 r s 4 wr comes res ss d o har q$ bOtty it can be used a: an Crtiffonese a f.imv sr uco' or eve' d'Gpvry or m 2b colors' Victor 'S 0 sor shtor and if conies in 6 itself corf-'an and ccm.os m antip)i- - sa-OohiO"1 cooo vni jH'j.v' ' Saturn is a;t 7 colors vr G ))sC'AnV Looofar.jir.otaiiaturicra'geoa'eaad'cai Cprs'nasd' ivory ; defender r a.c.abrt cf fabr c upcr.piOeTig orders before Novemcer ?3 enj "Ir s- f LI Ni r S ,1 . avJt . 3 Crive Linss v (C5WAft!f!U.m.iCErJ-eOCKWE- Irt k xi FnCCESS FULLE2-SflCa-CLAS- nt ci"-p- I 'f-j- j VV ca-v-rr- ) DIVISION " '1 ' -e U ,Mt-- 4 If . DillVt eiV vCu ie jS t'G'grbw vOur roon' u new OOk fc r Cb r t wil t V to al vou y'Cu Our own spec ccpioe Q' onj prefer TO 00 TOOT.. OT 0 y 5'J 7 r'0 .png tcc 7 Gusiom qUU"tv UdCla O touCh w' that Gass deesn t have to cost loo muon in fact the price is so goo were Gue MACHINE SHOP j' 7 bvi uO j- T j w vjb ry.M' o )' T'r'0 a.tom y a .V , iOOr,tO A' w mjc O' b fed" , v ji U. INTERNATIONAL HARVESTER It LJ, tG . L nrin rrnnHnfQ er? EEsrAs J es feiT- - l ow iO rNf-t. -- c " i-- oooJt ? OPERATORS Our shop has now been expanded to handle your TRANSMISSION AND DIFFERENTIAL REBUILDING. With our facilities and our men's knowledge and experience we will hce your units rebuilt with the least amount of problems and the savings would be yours. It is to your advantage to have the rebuilding done where the most complete Stock of truck parts in the Intermountain Area is stocked. 1563 South 2nd Vost ASSOCIATES oi)A , &' CONTRACTORS SOUVALLMENLOVE I 'rtg ovens eiwp TRUCK OWNERS have the answei (VII ps UdD.' loo;e & FLEET love doing f s ATTENTION LlsluV ju-- M etc iowt iuoH li Tirnt&avdf bell qr $ctf vitAotb TsT occessone oomg & supfAeb voittn$efS etc Do you tn tncomo tax problem? Write to "AOvko To Tfet Taxiorn", P 0 Bo 4MI, , S717, wtta anvotaet, for irHormotion that may tetp owS, you Your tOonfity will nof be AKkkWtf Tucon, Ana Is tight money -- topping your prugre Is the high interest rat' keeping you from having the new building you ned? Arc Yuli afraid to make n move h",uw,. N,,ur rental would be leflected bv the cost of money e Hoi B dejopo-- t IWS(CT!ON NOVtMBra ?0 and 21 Sol ol: DENVER 1ECHNOLOT.ICAL CENTER Si Si S. Syracuse Street, Inglewood, Cole. for $384 900 three commercial properties vuue leased for $2,375 and lOvS 2 10 A.M. NOVEMBER 52 end 23 apartments nine CC jeweler $pmnpq lapidory, VVoadwwiurg, Optlcui, sold lor rune duplexed and 82.475,122. prees pent eqop resi- e 00 B&S for $3,078X97 Dan U week I ELECTRONIC EQUIP. excellent condition late mo deft All piojerties ported Seventy-thredential properties -- No, Social Security benefits are not taxable income. They need not be repotted on any income tax returns exiept for computation of the retirement income credit. Property taxes are deductible, but only if other deductions, such as contributions, medical expenses, and sales taxes are also iteni,,,d He ee nn Horfurt taxes, and in addition, claim the standard deduction. . ointain Pud President Hastier said the test of Spearhead Raiuh V.el! a Cost Projections lacocca used prototypes ol 1976 Ford Pintos to dramatize the companys car cost pro area Alternate Pinto alternate ITS Pmto meets 1975 emission standards has safety belts instead of air bags and eiimi-iut- i sde h head restraints door beams extra roof trength and the safety-bel- t warning system The L S repons? a, day of six mm which btv,ms al 0 a m . will be Chevrolet dealers and ofhcials in the Salt LakeCi'y ' four-hou- nun discussion the coding to a id the Newspaper meeting Advertising Bureau here this week urged changes in the federal standards to cut the proiei ted rise in car weight and cost lacocca, speaking pro-lotv- Dear .Mr. Smith: My mother is 78, still runs a business that makes her $10,000 a year. She receives $278 m Social Sei uritv Must she report this Social Security on her state and federal income tax reports7 Aie property taxes on her home deductible on federal and state income tax pi luiaain Tucl Supply Co' r announced a a northeast at test stent mine well has yielded a of 4s degree gravity oil flu barrels a day and iul gas at 1.73D.UOO cubic was I Lti occa lacocca said As an alternative, lacocca displayed a 1978 Pinto which would cost 3b2t) less and weigh 426 pounds leos than the 1978 model built to federal standards No. not true. People over 65 do pay income taxes although they have double exemptions and other special tax benefits. Even infants six months old sometimes owe income tax. -- Drilling Tent loan 12 Sivj feet e veitui'c is Sponsored by the 'ho Motor Division, the seminal - m signed ui uifOid the public a chance to discuss ways General Motors can provide better erv ice rolet pro-piiic- d G R. EXPANSION FINANCING CRAMPS? Rmilts of B!vd Meeting pew1 federal safety si.d emission standards foi the lu7d model jeaf wdl add o4 to the current cost ut the Ford Pinto, and i A pounds to its weight, Dear Mr Mmth: We have been toll) that people over n liould nut pay 'income tax I am wanting to know if this is true s I m& i I I 7V self-empl- Researcher Exploring Future Power Sources Sitting at an uncluttered desk, b bookshelves filled with scientific Veports with titles like A Netilra! Potasiutn beam Measurement of Plasma ' Dr. Va! A Finlayson might be Density 'uki fuf a young nian vsith his head in the Dear Mr. Smith: My brother and I own a farm jointly which we rent on shares as participatmg landlords. My brother, who had another job, merely received income from his share although we both filed a Schedule F in our final tax returns I am the business agent for the farm and act as farm tax on the income I manager. So I pay receive from my share of Schedule F The IRS sent a biU to my brother for tax for 1973, even though he has nothing to do with maintaining the farm operation. He is on Social Security, being completely disabled following a heart attack We dont feel that he owes tax My brother took the request to his tax preparer who says he ia sick and seems unsure vzhat to do. He mentioned maybe he should file an amended return for him for 1973 J C no m?nt tax due on vour 'lhere is bi other's income. However, it should not have been reported on Shd.ii p. His crop share income should have been entered on separate Schedule F., Part II. Prepare an amended return for 1973 and mark it "amended return very clearly at the top of the first page. Then mail it to IRS with copy of the assessment. lso, the ffjrg i,f Form 4K35 may be pertinent. If al! goes well, your brother should have a clean bill oi health wthin three months. F edoi al auto DEI KOIT standards prupo.,ed lor i:78 will turn what was once a sfihsi 2 no() pound etoiioiuv car nio a $7 oOO 3 car with much lowc-- r fuel arc oi'hng to Ford economy Motor to president lam the Geiieial Motots Tram Center, 2U)1 Foothill lit hu.-ban- J Knight News Wire lulls and government agon Cies I'tive Lr.Ch iHVlUd to attend a Consum, r Service Satisfaction Seiiuuar ' Dec 3 i In New Return wv ?. " 'a vCi Consumer Aid Dont Apply 4 J ' : ' UA k 17, 4S74 Aiilo Chief Decries Federal Standards cA rf S' '"fist.. ' Advice to tlie JL z -- Solf Lake City, Utah 84110 Phone. 801 Strtvit iuuauiviiil VV c Lho -- 487-6474 I! Al bviic rvkAi im:c fe IM w i vwaviiwrt v BROADWA'i fs ,s cx |
