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Show Page 22 - UINTAH BASIN STANDARD. December 20. 1994 Gifts To Minors: Tax Tips For Grandparents the investment is taxed at the childs rate. If the child is under age 14, the first $600 of gift income earned is 100 percent tax free. The next $600 is taxed at the child's rate (if the child has any tax at all). Wlien the child's total gift income exceeds $1,200, the difference is taxed at the parent's rate. If the child is age 14 or over, all of the gift income earned is taxable at the child's rate. A free, informative booklet that can help you get started investing in a childs fiiture with a Gift to Minors Account is available from the AARP Investment Program from Scudder income earned on Wondering what gifts to get your grandchildren when they seem to already have all the (NAPS) latest toys and gadgets, from skates to supersoakers? Heres an easy gift idea to give a loved ones financial future a guud head start. It's a Uniform Gift to Minors Act (UGMA) or Uniform Transfer to in-li- Minors Act I UTMAi account. Such an acoount enables an individ-u&- I to give up to $10,000 annually for the benefit of a child without ng to pay federal by calling Findlay taxes on the gift. Often you can start with as little as $50 a month. A married couple can give $10,000 each, thus giving up to $20,000 annually to a child. Then, when the child attains age 18 or 21 depending on the state where he or she lives the assets can be easily transferred to him or her. An UGMA Account can help reduce the amount of taxes you might otherwise pay on a regular mutual fund account Your taxable income may be lower because the St. Nick rests on a roof and hopes TOWERING SANTA-Jol- ly his Christmas Message is beamed across the world. ext 6681. The account is usually registered in your name as custodian for the childs benefit; however, it is reg- istered with the child's social security number. The gift is irrevocable. That means that the account's assets must always be used for the benefit of the child. Cuyler W. Findlay is Chairman of the AARP Investment Program from Scudder. Scudder Investment Services, Inc. Distributor. Underwriter of eight AARP funds. w at various MYTON MERRY CHRISTMAS-Decoratio- ns the Christmas celebrate locations in Myton enable citizens to season. Agency makes recommendation Radon U the second leading cause of lung cancer after smoking. Each year in the United States exposure to indoor radon gas causes thousands of preventable lung cancer deaths. You cannot see, taste or smell radon, but at elevated levels indome, it can pose a health risk. Radon is a naturally occuring radioactive gae that can be emitted from surrounding soil into the home. Any soil anywhere can contain radon. The U.S. Environmental Protection Agency and the Surgeon General have recommended that all residences (except those above the second floor) be tested for radon. How does radon induce cancer? If inhaled, radon decay products become deeply lodged or trapped in the lungs; here they can' radiate and penetrate the cells of mucous Giveilte... Uimtelbi Basie Stamdard ti I i se 262-540- 0. Dear Santa... I dont really want anything for Christmas. I have been good. But I think giving is more important than getting what you want I am not rich at all I already have enough things I had to take out my bed. So it would be beet if you didnt getgnythin Love, Megan Park WISH AEy&.wij! For You! Wish The BesP This ChrisPtnas Season. Our Manif Readers. Thanks!! We Heres hoping that all of your wishes come true In this most magical of . seasons! Merry Christmas thanks to alll . Special $12.00 $22.00 ......$30.00 and . Karl's Carpels & Draperies For Delivery IN the Uintah Basin Area ONE YEAR TWO YEARS THREE YEARS with radon. Radon is easy to detect and reduce in a home. You can pur-chaa radon test kit from the Utah Safety Council at a price of $7.00 by calling (801) A Christmas A Gilt Remciitoied To other membranes, bronchi and ' pulmonary tissues. The ionizing radiation energy affecting the bronchial epithelial cells is believed to initiate the process of carcinogenesis. Lung cancer due to inhalation of radon decay products constitutes the only known risk associat-e- d Regular 16.00 k 26.00 Roosevelt, Utah . For Delivery OUT OF the Uintah Basin Area Special $22.00 $38.00 ONE YEAR TWO YEARS Regular 26.00 45.00 Prices Good with Coupon Only! Effective Through December 31, 1994 Clip and Send To: Name ! Uintah Basin Standard Address. 268 South 200 East Roosevelt, Utah I 84066 j I lYr. iNEW RENEWAL 2Yr. u 3 Yr. 801-722-51- Is st 31 Zip. . . ,"' Utah"""""" J Prices Good with Coupon Only - Roosevelt, ! MBS! aaaaaiooaiioiiAiiaiaaii AliMetaafiaolSioaaiaiiaiaaaiaeiiui5iiiiaJ iiiaaiaaiiaaiaaiiaaiiaaB oaaalaaioaaaaatisiiaaaaaaaaaaaaaaaaaaaaa oaaeaeooaaBaaaaaaeaoaaaeaaaaaoauaaoaaoaooaaoaaaaaaaoaaoasaoasaaooMsossoaesaaaaaaeasaaaaaaeaaaoeaoaaoaasaaaaaassffffoaaaasaaweae Give A Gift Subscription! We will send a card in your behalf. Announcing Tour Gift! WlllllfhiiiiimuHUHmiHiiiiiiiiiiiiiiHmiiHHmmiinHiiHiiiimmmHiiiniHiiiHmmmiiiiiiiiiiiiiiiiiirmr Behold the Lamb of Godj which taheth away the sin of the world. JohH M9 May you be blessed with peace and understanding throughout ibis bofy season. Basin Wholesale And Winterton Trucking PG |