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Show rrr r ? 1 lor Group W Cable Sold to TCI, d Finns Keoglr Account Is lax Shelter, Pension Plan All in One Sell-hmploy- cd, Bv Gail DuGuurgt Knight Kiddoi Vw.papui v It h js an udd name ,md rciju unic intimidating tax tilings, hut if suit voure umplovud and vs ant to 'belter hsinit ol vuur imume win If abc i r it jwj lor retirement. a Keogh account 'Utking kc eon-'idi- But sou must move quieklv to luko advantage ol this tu honolit this uar It sou sot up the dooouiu bv Dot It, sou oon t Id in tho tax doduotion lor 1985 You dun t huso to make tho, .H'tujl contribution to sour dooount until sou lilt sour 1985 income-ta- Section Start-u- of types 5 Page and annual fees for most accounts range from zero to letter of determination from the IRS that its Keogh accounts meet federal guidelines The accounts work much like Individual Retirement Accounts They r tax deducprovide a tion The funds can be invested in a variety of ways mutual funds, stocks, money-marke- t instruments and bonds are a few As with an IRA. there is a 10 percent penalty for early withdrawal before age 59'z. and the funds withdrawn are taxed as ordinary income But Keoghs difter from IRAs in that there is no rollover period That means if funds are withdrawn from one type of investment, they must be reinvested immediatea dollar-for-dolla- - said it signed an Uestinghoii'-to sell New Yoi k based-GrouW Cable to a joint venture which includes the top two cable op agreement orators A little-know- t per year. Then an annual contribution level to meet that benefit goal is set with the help of an actuary, a person schooled in statistics and methods to determine life expectancies for insurance companies and others The actuary takes into account in his calculations age, earnings and other factors, and must show those calculations on a form submitted to the IRS. There is no $30,000 maximum level n as with a plan $90,000 ly Also, if you have employees with more than three years service who are over 21 years old. they must be included in the Keogh plan at the same percentage contribution rate you have elected. For example, if you contribute 14 percent of earned income for yourself. you must contribute the same percentage for each employee defined-contributio- Bruce Hammond bv Duffs THINKTHERtS A WSIC REASON WHV THE COHPAWS POIN& SO 6APW, PUFFS? DO MDO No , taxes. ' W Cable provides television Group signals to more than 2 million sub scribers in 605 communities in 34 states. Its single largest base of sub about 363,000 -- - is in scribers Southern California . , j . - ! ; Group W Cable is part of Westing-house's Group W Broadcasting, w hich owns five television stations, six FM and six AM radio stations, including! KFW B in Los Angeles, as well as television program production and sv ndi! cation operations ! - AssOCfCrted pss Mr L CISC iMmto Disc ce clean room technologist at Dudisc research here, checks a optical laboratory ponts disc during the manufacturing process. A single disc can replace 400,000 pages of typewritten text. The work being done is part of Dupont-Phillip- s optical disc joint venture, the largest joint venture in Duponts history. WILMINGTON, Del. A 14-in- high-densit- y non-energ- y Utah Mining Official Named To New Interior Committee through Interior's Bureau of Indian Affairs Tribune Washington Bureau Dr. Diane Neil-soWASHINGTON director of the Utah Division of Oil. Gas and Mining, has been namea to the Department of Interior's recently created Royalty Management Advisory Committee which will advise the interior secretary on the 140.000 producing and federal and Indian oil and gas leases in Utah and other states - According to Interior. Charles J. director of the Oklahoma Geological Survey and a professor of Geology at the University of Oklahoma is chairman of the new advisory committee, which is to hold its first meeting in Denver, Colo , in January Mankin, Mr Mankin. it was noted, earlier served on the Commission on Fiscal Accountability of the Nation's Energy resources, which was created in 1981 to investigate alleged irregularities in federal royalty management on public lands. Interior recalled that it was recommendations from that committee that formed the basis for many of the changes Interior collects more than $6 billion in mineral revenues each year from bonuses, rentals and royalties from the leases, a portion of which is shared with the states in which the leases are situated. Conversely, revenues collected from Indian leases are turned over to the appropriate Indian organization or individual allottee 4 The sale ol the cable unit involves 135 of the company's existing 140 svs- terns Its two Chicago franchises. n Keoghs, works "backward." That is. a participant figures how much he wants in benefits per year at retirement, up to defined-benefi- plan, the country - They will pay $1 b billion in iash and assume $)0U million in debts and High-Performan- relatively new and in Inc and American Television 4. Communica turns Corp . a subsidiary of Time Im The other companies in the gioup are Comcast Corp. Daniels 4. Associates and Century Southwest Communica (ions Corp DEFINED BENEFIT y e billion e money-purchas- The institution you choose must or through a paiticipanls g profit-sharin- $2.3 hae V ITotU-shuring.- 26, 1985 B Bv Nancy N o'hihara l.us Angulos T lines t l iter Cable the nations third l,i oup hugest cable television operator and the biggest in the I. os Angeles area was sold Tuesdav bv Westinghuuse Electric Corp to a group of live cable companies in a deal valued at $2 indicate the amount that will be set aside in the Keogh each year There art three types of defined yjnribu-tio. plans and a paired plan that combines elements of both of the other types The plan is the must flexible Keogh plan. Business owners may contribute up to 13 U4 percent ol net profits or $3U.00U. whichever is less The contribution percentage can be changed every year w ithout penalty, an advantage for small or new companies that are grow mg or lor those whose earnings fluctuate from year to year The plan requires a fixed percentage contribution each y ear. up to 20 percent of net profits or $30.0UU, whichever is less But be eareful setting the percentage because that same percentage must be contributed every year unless your business loses money. Should you fall short, the IRS will slap a 5 percent fine for the amount of under funding and require you to make up the difference within 90 day or risk further penalties Thursday Morning, December serving as a director, you can shelter that extra income in a Keogh Most financial planners endorse Keogh accounts especially since the types of plans and the amounts that can be deducted have increased over the years About the only disadvantage is a called form complicated - that must be filed periodia 5500-cally ssith the Internal Revenue Service "These things are like raspberry bushes, you have to get through the thorns to get to the fruit," says Mahoney, product manager for Keogh accounts for Fidelity Investments. a financial service firm headquartered in Boston. "You have to go through some lengthy paperwork to get at the juicy tax benefit." Keoghs can be established through banks, savings and loans, financial planners and brokerage houses. e ibuUyn plan Business loturn A popular investment soluolo tor tie past 15 years. tho Rough docounl has boon expanded greatly in t s bonolits Fven il sou alroads lust j Rough, sou might considor a noss tspo ol plan that tan sholtoi up lo 1UU poroont of outside moomo An oxtra inoontivo to muso quickly is that Roughs may ohange in tilt proposed tax revisions now being considered by Congress Named alter Hep Eugene Keogh, who introduced the federal legislation in the early lus. the accounts are. in effect, pension plans for tho Even if sou are employed by a company but earn substantial outside income from free- five-pag- DEFINED OiNTRIBl'TIUN As the name implies, under Sri linin' i lancing. consulting Yuu can also have a Keogh in addition tu vuur 1R V. and the 2 UUU ion tnfcuted to the IRA docs not reduce they mount you can set aside in the Keogh Hev s a look at the two basic tv pes of Koijyh accounts ! which are now being built, and sever- al smaller systems were not included J Analysts speculated that the new owners will must likely divide up the Group W system among themselves ! 4 "U'e dun t know how it will be bro- ken up." said Nicholas !. Hevmann. an analyst with the New York invest-- ! ment house of Drexel Burnham Lam- hert. "but it appears that it is more than any one party wants to buy of f at one time. The parts are more mean- ingful if they are broken up nnd added lo existing cable operations ... instead of running as one whole separate en- " J J ! ! ! tity Heymann said the buyers probably ! formed a joint verdure because rais- ing the $1 6 billion in cash was easier ! that way Michael Luftman. a spokesman lor ! Time, said the new owners "have not j made a final decision" about whether , they will split up Group V Cable, "but J we expect to before the closing of the j deal." j The company said Tuesday that it has bought about 21 million shares of t its stock so far. at an average price of $42 25 a share Westinghuuse said the $1 6 billion in cash will be used to pay back short- - J term debt, as well as lor restructur- - f and making fu- - J ing its product-linlure acquisitions j - e Software Entrepreneur Banks on People Having Fun at the Computer dore International Ltd. deny evert the existence of a home market. The shaky health of the consumer market is Hawkins current topic on the industry lecture circuit, with his most recent delivery being last week Hawkins calls himself the head of "not only a home software company, but actually a profitable company." This description is nothing to sneeze at, he says, because such companies as Apple Compu'ur Inc. and Commo By Lisa Raleigh r Newspapers SAN JOSE, Calif. Welcome to the dark ages of home computing. So says Trip Hawkins, president of Electronic Arts of San Mateo. Knight-Ridde- Factory uffleit Clothing for Men and Women 5461 S. T.,W..Sat M.,Th ,F 295-724- 5 .. rum in The problem, says Hawkins, is that people don't really want to doroduc-tiv- e things such as word processing and household budgets when they get home, despite that these are the pur: poses for which home computers4. Fo- Palo Alto. There's a lot of confusion about what consumer computing is," he says. We have to reinvent the whole thing." are being positioned. Computer literacy, another rationale for purchasing a home computer, also has crashed and burned" as a marketing angle, he says. Instead, folks just want to have fun. ' Bountiful State - Murray 261-476- at the Software Entrepreneurs 1 Ladies.'. 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