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Show ' ' Wp b Ip y 0t I fC"7r ',VV ' r m orii m n n y by Keith Duncan What Kids learn Sk -t- . S BEN LOMOND BEACON. f y nmdsrCsaagf Students at Wahlquist Junior High are finding learning, more and more enjoyable as each day goes by, thanks to the insist and intiative of instructors. An Economics Fair is in full force around Weber ' vJJgP A V Jm .,, t '' ,' v ? - wU6w NfeCvl - ? a-.; ' ilmVv 5hjV 'i&Wr , ' & : A 4; 1 ri$m ifM ,' - WsM tr .? Thats what kids Wahlquist are learning . in at now-a-day- ;?'' - I ?5i 'P4 isjfra mp , ' i, S JUNIOR High entered this project in the annual Economics Fair at Bonneville High. It's WAHLQU called the Wahlquist School Inc. Standing by are April Larsen and Wayne Stevenson. 1ST students gain an un- derstanding of the world around them, whether is be the economic, political, or the cultural world. Both Mr. Stevenson and . FIRST PLACE winners in the eighth another faculty member, Lou Taylor, have spent many hours of personal time was the Grand Prize Winner in .DEO JILL SMITH their pooling resources. It differs from a partnership, in that a corporation is a legally recognized person. This means that the stockholders are usually only liable up to the extent of their investments. Another advantage is that large amounts of capitol are generated to finance the company, through the sale of stock. The ultimate goal or purpose of a corporation is to show a profit for its people the earns, more the stockholders earn. How Much Can I Expect To Make? What you are probably asking is What will my return on investment be? Return on investment is the percent of money you invested that you will get back. How much you get depends on how much we make. Frankly we see no way that this corporation can lose money, since we are working primarily on a demand the past eight at years Wahlquist, teaching Social Studies and being involved in Economics Fairs and the. like. Originally from Centerville, Utah, he served a mission for the LDS Church to England. After completing his mission he returned and began his quest for higher learning at Weber State College. He graduated from WSC after four years. While working at Bonneville in the janitorial insists that J. Taggart, helped persuade him to persue a career in education. I have to feel now, that Mr. Taggart is a big reason that at Im here today department, he the principal, Wahlquist, said Stevenson. Mr. Stevenson and his wife Kathy, are the parents of five children. Dirk is oldest and is 8. He is followed by Brooke 7 and Travis 3. The family resides at 1874 N. 300 W., in Sunset. Subscribe to Beacon and Diana Barns were the ninth grade first place winners. Taxpayers who take the Ume to see if they can file a Form 1M0A federal income tax return this year can save time the Internal Revenue Service says. Many taxpayers are tle to use the Form 1BS3A, so even those who filed a Form 1040 last year should check into the of using the Form this year. la ganeral, Form I040A is tar taxpayers with incomes ot or leas and filing ps::lty ltA , , limited , I 1 , service, whose ultimate goal is to earn a profit. . .What is a Corporation? Simply put, it is a company formed by two or more a Before the end of the school year, Wahlquist Inc. will liquidate, and all profits will be divided among the stockholders. Mr. Stevenson has spent T 1 I Wahlquist Inc. is a corporation made up of in students Wahlquist several different departments. Each of which is producing or offering a N are be winners in eighth grade were Terri Marsh and Michelle Hansen. Am MR. STEVENSON There number of shares, and as in the case with any limited supply, the price will vary according to the demand. The more people that want the stock, the higher the price. The initial stock will sell for 25 cents a share. Why Will There be a Demand for the Stock? Wahlquist Inc. should turn a rather substantial profit. This profit will be passed on to the stockholders, in the form of dividends. Simply put, the more Wahlquist Inc. When Will Dividends Paid? the judging at Wahlquist. T x in any profits that Wahlquist Inc. makes, according to the number of shares of stock each person holds. Who are the Stockholders? The students hopefully. Shares will be sold to Wahlquist students and faculty. How Much Will the Stock Cost? basis. That is, we dont produce until we have a demand for the product. grade were Joy Petersen and Carmell Jackson. SECOND PLACE BRENT BUNNELL Wahlquist Incorporated and here are his remarks: Inc.? . What is Wahlquist the corporations, stockholders share several questions about s. Wayne Stevenson, who heads the Social Studies department at Wahlquist, had this to offer about student involvement in Wahlquist Incorporated, There is nothing better for a teacher than to see a student involved and informed. The Walquist Incorpoated, the Economics Fair, and the extra things we do in Social Studies are all aimed at helping students find what theyre happy at, in this particular department." Mr. Stevenson further added, The philosophy of the Wahlquist Social Studies Department is to help come up with something of their own. You think theyre confused and disappointed but then suddenly theyll come up with something. The kids really take pride in what they are doing." said Mr. Stevenson. High. Wahlquist Incorporated" Mr. Stevenson was asked ;,,SrA 9. U-- resources stockholders. Who Gets the Profit? As in the case with other Several award winners were declared at Wahlquist and they will now compete this week in the district competition at Bonneville projects. Like buying stock in the Wahlquist Incorporated! i! (L vvy VC;p . County and Wahlquist Junior students are in the process of cultivating some of their mindful f vs4 , ' j(t ' I in the preparation for the annual Economics Fair. Its neat to see the kids now-a-day- s! Feb. 8. 1979, Page 7 and Lou Taylor stand by the school s project. o fllln by jointly; 120,000 or less for all other taxpayers. Income must be from wages, salaries and Ups with not more than $400 In interest or and $400 in dividends, be cannot deductions itemized. Taxpayers who use Form will find it easy to fill out. The entire form is printed on one side of a page. Calculations start at the top and move down the page, to the bottom. stepby-ste1040A p, 10A where the signature goes. In fact, many taxpayers do not even have to calculate their tax; the IRS will do it for them. Just complete the form to the line that says, "If you want the IRS to figure your tax, please stop here File the and sign below. return by April IB, 1979 with the preaddressed label attached. The IRS cautioned that the return must be signed. Both spouses must sign a joint return. The IRS will figire the tax in the way most beneficial to the taxpayer, including doing the Earned Income Credit if the taxpayer qualifies. A refund check will be sent for any overwithholding, and for any taxes due. a bill The IRS automatically forms taxpayers on what they filed last year. Other forms are available at any IRS office and most banks and Postal Service stations. mails |