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Show , Ilii rn II I The Salt Lake Tribune. Monday Dh. ember . i nntn Tax Bivak lor hr Kiilurr 1 Individual Retirement Accounts Reward You for Being Thrifty I 1 i nother Benefit Benefit No 2 pi nudes That s )ijst henefit No that none ol the mtciest earned on lour letneinent 1. 't egg is taxable until after you retne and start to uithdrau it (You mil he penalized il you mthdiau alls money from your IRA befoie sou turn 59' j sou must start withdrawing during ol belore the sear you turn TO1 j In 1992 because of a change in the tax lass all ss oi king Americans mil be able to open suih tax deterred retirement aeeounts And they mil be able to enjoy greater tax breaks because they sull be able to dexisit larger amounts in those accounts The major types of accounts are Individual Retirement Accounts for employed people and Keogh Plans lor people This year, if you are eligible you can set aside into an JR account either $1,300 or 15 percent of your miome. sslmheser is less Your spouse ssho norks i an do the same thing in a separate account 1 ) d Spousal IKV It you hase a spouse ssho docs not ssork for pas then you cun set up sshat is called a ' sjiousal IR ' I hat means that you set up tmn an mints that can shelter a total of $1,750. half of it m each amount Next year you can set up an IRA esen it you ie already colored by a company pension plan or taking part in a plan In Court 1R' hast biin aimed miMiy ot employees ol mmpunies that hast no i nsion oi profit sharing sometimes lulled H R in pogiaii.s Keogh Rlaii' pl alil the Itgldatloll that aUtllolled them list the 'dllle turn tim, lot the iIt eillplos ed his n - the ty pi o plan sou 'boutd uuisidei it you ait in bU'iness tm soul 'ell as a stole keeper a a doitoi a dentist and a laipeiitti plumlx-a munului tun i ' lepiesentatis t oi ,u i militant s hates el Till' seal the Keogh rules allosc a maximum ontnbution of 17 peicent of the sell emploiment net miome up to a i eihng ol $7 500 Next year that mil remain the ii ding mil double but the 17 '.line Thus a soil employed person mth a high in ome i ould set aside up to $17 nun 7 ou may be eligibiR ' i a Keogh Flan esen it soul 'lit employment income comes from moonlighting ' long as you hase self employ income that comes liom performing personal serines, you re eligible to 'belter up to 17 percent of that income in a Keogh ai count esen il your lull time employer coseis you undei hisorhei pension plan You can make contributions to a Keogh as late as the due dateot your tax letuin but the account it'd! must hase been opened by the piesious Dec .31 I nder an IRA you can both set up the account and contribute to it up to the due dale ol your tax return So establishing one of these accounts non could help you cut your 1991 taxes Reset se your copy ol the ness Cut A" our Osin Taxes and Sase ' by sending $1 (3 and 70 cents for postage and handling to Cut Your Oscn Taxes and Sase in caie ol The Salt Lake Tnbune. PO Box. Is1) Radio City Station Ness A oik N V lbloi Books mil be mailed m Januais 111- 1 r i f oiitinued From Page Or il you don't scant to set up an IRA. you can make extra soluntury payments into your company pension plan up to certain limits and shelter that income from taxes The limits next year mil be higher than tins year s an nulls idual y ou ss ill be able to set aside as big a IHirtion of your income as you like as long as it doesn't total moi e thatn $2 (MM) For example, d you hold a part time job that la mgs in s Till and you scant to shelter KM) percent of sour income in an IRA you mil be able to do so telephone aiisssering i killing of Mr Ross The attempted armed i obi ery octuired Dec 4 at h 2n p m at 331 E 700 Soulh the residence of 1 'loin in urge Accoidtng to police leports, Mr George told officers that a man he described as about 17 years old mth pale skill light brown, curly shoulder-lengthair and a thin build to his dooi and i ami stated My car's broke domi can 1 Use your phone to get some help Mi George according to the report told otficers he allowed the suspect to U'l his telephone but did not hear any ol the con-- s y n H "fiy ,",yTf' V" 'V 0 '" j .11. w iy up ti Miiii'-yiyy- gj" Senators Release Payroll Figures Tribune Washington Buieau W WIINGTON Salaries of per'onul aides to sm Jake Garn R Utah totaled $.342 M7H in user a in cut 'ix month period while ihe pay to personal stalf ol Sen Orrin Hatih. R Utah totaled $3i5 1 10 M ai col ding to a new report from the secretary of the St Mate for Apl ll Sept 311 i c ording to the semiannual report the personal staff listings, which do not include salaries to other nett s who are paid by committees Sen Gam s top aide his administrate assistant Jelf Bingham, was at the c nd ol he mg paid at an annual rate of $72 Hh the six month pet lod In comparison. Frank Madsen, administratis c aide to Sen Hatch, was being paid at the annual late of $44 HI according to the rejxirt Pay of Aides Personal aides to Sen Gam who were being paid at annual rates of $15 (M) or user, asuf Sept 30. were as follows according to the report Mr Bingham's wife Suzanne, personal secretary to Mr Gam $22 0 37 9tf. for a total annual pay rate to the couple of $74 724 92 Curt Burnett, dnector of $43 909 92, Joanne Neumann, communications senior legislative assistant. $40M)0 02, Winton P Ghnes. executive assistant. $37 4i4 Joseph T Mayer, legislative assistant on national security matters $30 (MM) LynnJ Davis special assistant for constituent services. $2b,b99 90. Gregoria Korologos office manager. $25 390 90 Fred Axelgard. legislative assistant. $24 999 9(3. Hail limi'idtis t U'sl'tant '14 if. J Patmi.i Gieer olfue manager $ix 94, J Ti" Giegor held olfue manju r Ms 52 02 RobmHydt 17 4 3. 12 Laurie Snow assis executive senetury '17 His Robert Dlbblee lull! piess seiletaiv legist Icgi'latise aide $17 410 oj Nancy Hetihet 'lull lh to (o Robert Weidnoi tisc sci ritary Satidia McMullen terminal loo (in u'sistant Lhaimaine . . 11) opeiatoi constituent mail services $15Sh7oo In addition to Mr Midsen ..t$40 0ti aides to Si n Hate h being paid at annual l ates ot over $15 (MMI as of to the epot t Sept in well as follows according Other Amounts John Haddoss legislative director luothcl ol I tall MMe Sen Mac Haddoss who cal her till' year left Sin Hatch's campaign committee p, isiolb 43 04. William Loos director ot state ot u c $40 inO 5n Steven Hilton accountant on payroll from Juls icriod for an annual ims s'( ihm for the three-montI h lale of Sb 'MMI Josuh 'Paul Smith pi iss sec l etars director of constituent sersucs $31 294 02 James D Black staff assistant to Sept 2 $20 930 04 Patrick J Sherrill stall j'sistant m 'tate do Sept 15' $25 oob i2 $2 9oo Das id Jackson legislative assistant Jack Janet Bennett scheduling secietaiy 'JIW Martin stall assistant. $21 immi Lestei Titus lcgisla tm assistant $21 (MM). Mary Keilert sccrctaiy, $17 094 Man Leading, see rctary $17 249 04 Maria ion Abramo secretary, $19 immi Joyce Newton stltuent specialist $19 IMMI Shell's Adkins also a constituent specialist. $13 (MMI sit, Garland Dennett immi M Latest Interest Rates HOUR HOTLINE 24 h PHONE cording to the re pint the suspect ' then hi a nd l shed a sery shiny pistol and said OK this is a holdup lilt up your aims I want sour wallet and (can keys The suspect then continued tu joint the pistol as lie backed out the door and fled on foot Radio City Station New York, N.Y. 10101 Please send me copy(tes) of Cut Your Own Taxes and Save ' have enclosed $1 95 plus 50 cents postage and handling for each copy onto 71 m South According tu the I 4 Money Market Certficate Variable Rate Certificate Investment Plan c The Salt Lake Tribune P.O. Box 489 531-561- Tax Free Certificate ei sat ion CUT YOUR OWN TAXES AND SAVE A Joseph F. LaGuess Club President Club Selects President re- Joseph F. LaGuess. director of development for Primary Children's Medical Center and Health Canine . has been elected president ot the Salt Lake Bonnes llle Chapter ol the dence Followup by Knite and Fork Club Inpolice on the mloi illation tel national obtained from the paper He succeeded M L led to ideiitilnation of the Bud" Brain Mr Leonard as suspect A native of Chicago. ..ccordmg tu the report Mr LaGuess has a The attempted armed bachelor's degree from lohheiy took place Knox College. Galeseight hours altei Mr Fiuend had burg. Ill . and a master's been shot to death at his degree Irom Indiana Bloomington home IRA Programs American O Savings 1760 W 1900 So 972 6087 W 5415 So 967 2009 Also Tooele 882 2181 4703 Sophisticated Lady Presents port miestigutuig officers found a piece of paper with a name and phone numbei mitten on it sslinli apparently ivas left behind by the suspect the 7IMI South resi- Name 111 Biirukirs Hit KomIcikv machine, sallied at City Ins residence on the 300 Fast block ol find South State and Zip Burglars entered the residence by breaking out a basement minimi iMake check payable to CUT VOUR OWN TAXES and allow three weeks for delivery ) $1 710 27 SS Address Gerald Christensen B-- l as a ahin r au a s taken 111 liilii.it II Mi IxMiiiard altei the so men had gone target 'hooting sometime dur mg the last sseek ol Nosembei Mi Glktu told police lie discosered tlie pistol missing from his auto altei he diopped oil at an Mr uiispecihed location The ssejpon theft ssas re ported to police Dec tat aiouiulipm more than 21 hours prior to the hi i am 'yt-- 1 desinbed h.s i I" - Is Diw profit-sharin- told Salt Lake Counts sherd! s deputies that a mieroiiaie ulen. teles set umera and a Dratlis In - - Sus)(rt 7. 149 By Shcilall Kast (Last of Four Partsi Olio ill the gleulest tax 'heltcts I'M- uiikjn peuple whether this an emiJoset s nr 'el tl ill ix n tn ei.leilt tun a nil is tu i i calc I hell nun post nine paving taxi s on it Its a tax In cak lor (linin' sums lung solid pi ob.ibly like to do any way plepaic loi tilcmcnt 'I In sc pi. ills let Min take part ol oui inmiic and st ish it awjs in a scpaiatc au mint WhattSei ou i out ilnitc to a plan ill the unit sc ol a seal bcionn s di dm tilde on that seal s income tax ictuni Sun c you !lae leihncd soul iiuomc In sjuiii; loi our lutnic tills means sou ale being row aided loi liiiiui tlirilt x It's as ll I'nile Saul were adding s to eai h s or i that you sal ed y yy- inr "ir sseie taken tnun .J Equipped, with separate facilities for men & women featuring an indoor jogging track. 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