Show IB THK RICHFIELD REAPER Wednesday February 2 1991 Students Named To Dean's List CEDAR CITY — Twenty students fro Sevier Wayne and Piute counties have been named to Southern Utah University's fall represents an increase over last year only about one in 10 students made the honors list" an enrollment of 4600" said Stcr- ling R Church vice president of student services "Although that quarter dean’s list To achieve the honors status students must earn a minimum grade point average (GPA) of 36 while carrying a class load of at least 12 credit hours for the academic quarter According to the SUU registrar's office the following students qualified for the dean’s list Sevier County - Darcie Helquist Amy Marquardson Mona Peterson Beth Way land Richfield The HEAT office is still taking applications for assistance with fuel bills Qualification for HEAT assistance is based on income number of people in the home and type of fuel used Persons with questions should Personnel call the office w ill explain the program and make an appointment The HEAT program is federally 896-023- 0 I- -’ lt A 1 “f V 'i 1 A Ot&ri 1 il I lr funded through the state and the Six Office hours are am to Applications will be taken until March 31 or until the funds allo- Monday Wednesday and Friday Appointments are required Applications are taken only on ments cated for the program are exhausted w hichever comes first Persons desiring an appointment or wishing to receive information about the program in person may stop in at 166 North Main Richfield rear entrance Without advortUine I WTIMI VvnQ Nothing Meal Deal! Sharon L Elsinore Wayne County - Brad N Brian Holly Peterson Lori L Peterson Loa Ira G Pace Torrcy d Piute County - Wendy Circlevillc "This fall a total of 474 students were placed on the dean's list from Get A Big Meal For "Small Potatoes" West-woo- Mental Health Open House Is Thursday Mental Health Central Utah Substance Abuse has relocated from 180 North 100 East to 255 South Main in Richfield There will be an open house Thursday Feb 3 from 1 1 am to 49 pm The public is invited to tour the new facilities visit with the staff and ask questions about their programs plus tax Top Geographic Spellers Extra Value Meal Ryan Christensen left first place winner and Amber Fillmore p took honors in the Pahvant Elementary School National Geographic Bee with teacher Brad Whittaker Christensen has a chance to move toward $25000 scholarship runner-u- A hearing problem could be a medical problem Complete hearing evaluations by licensed certified audiologists FREE adult hearing screenings can 896-827- 1 for free appointment Sevier Valley Hospital Hearing Services A service of Intermountain Health Cara Geography Bee Winner Takes Pahvant Honors Ryan Christensen a fourth grade student at Pahvant Elementary Richfield won the school-leve- l competition of the National Geography Bee Jan 25 and a chance at a $25000 college scholarship The school-leve- l bee at which students answered oral questions on geography was the first round in the sixth annual National Geography Bee is sponsored by National Geographic World the Society’s magazine for children and Amtrak Big Mac Sandwich knowledge among young people in the US This year’s geography bee had 27 Locally Owned And Operated By Dale & Michelle Gibson Richfield Flaza latest know ledge about the world "I had fun being in the bee" said Christensen "I had fun learning new facts" What you want is what you get students competing Questions ranged from knowledge about the US and North America to all the for this year’s bee The kick-o- ff was the week of Dec 1 3 with thousands of schools around the United Slates the District of Columbia and five US territories participating Christensen look a written test Up to 100 of the top scorers in each state and territory will be eligible to compete in their state bee April 8 The National Geographic Society developed the National Geography Bee in response to a growing concern about the lack of geographic Four 11 Four Fish 11 Hunt Managing Your Money by Roger Bird Ini'estment Officer Zions Investment Securities a subsidiary of Zions Bank EMPLOYER RETIREMENT DISTRIBUTIONS Usually the largest paycheck an employee receives is a lump sum distribution from their employer sponsored qualified retirement plan This distribution is usually made when the employee reurcs or leaves the company for other employment While this disuibution which in some cases can be substantial is one most people art happy lo receive it docs come with some headaches and imponant decisions on what to do with the assets With the multitude of tax laws and penalties and the different distnbuuon choices a distribution from a employer sponsored reurement plan can be an extremely confusing ordeal Adding to the confusion are multiple plans offered by the same employer The employee may have a company pension (defined benefit plan) a 40 1 K plan an ESOP plan and others In addtuon to the distribution choices decisions must also be made on how to invest or spend the assets when they are distributed Because of all of these considcrauons the distnbuuon process can be almost as bad as prepanng an annual tax return Understanding The Plan Benejtts The employer can be a big help in dearly communicating how each part of the reurement plan works and how die distnbuuon can be made Based on my experience most companies don't excel in this area Mod companies can provide some assistance in compleung the distnbuuon forms but they usually suggest that the employee see a tax advisor for help Seeing a lax advisor is good advice if the reurement plan is complex or the distnbuuon underoptions are not clearly identified or not stood for each part of the plan GelUng good advice could save thousands of dollars in taxes and penalties Taxes and Penalties Because qualified reurement plans are lax deferred ui most cases income taxes have not been paid on money contnbuled lo the plan by either the employer or the employee Once this money is withdrawn from the plan it wall become taxable Toavoidlhislax consequence the taxable retirement assets can be directly to an IRA account or a new employer’s retirement plan (if allowed by the new employer) If there are any after lax contributions (contributions which have already been taxed) these will not be taxed upon to distnbuuon and should not be rolled-ove- r an IRA If the taxable assets are not directly rolled over to an IRA or the new employer’s retirement plan there may be some unpleasant consequences The following are some important rules on pcnalues and taxes on lump sum distnbuuon s rolled-ove- r 20 W ithholding Rule This withholding penalty is the result ot a new law that went into efTect surung January 1 1993 It says that unless deparung employees arrange to keep the reurement assets with the employer they are leaving or have it transferred directly into an IRA ora new employer’s plan 20 of their payout will be withheld against uxes due on amount withheld the distnbuuon The 20 will be returned as a credit on the persons Ux return but in the meantime the IRS gets free use of the money 10 Premature Distribution Rule The IRS will impose a 10 penalty on any assets distnbuted from a qualified reurement plan forpcrsonsyoungerlhanagc59 12 unless the to an IR A assets are tran sfened or rolled-ove- r Unless put into an IRA the amount of the premature distnbuuon must be reported on the person's Ux return Unlike the 20 withholding rule mentioned above this money won't be returned Pcnodic dislnbuuons from the employers plan arc not subject to the premature penalty if the distributions conunue until age 59 1 2 or for five years w hichever is later Taxation of Retirement Distribution As slated earlier unless the taxable part of the retirement distnbuuon is directly rolled over lo an IRA it will be subject to taxation for the year it is received Fixe and Ten Year Averaging These are special lax treatments for persons over age 59 12 which can possibly reduce the amount of uxes paid on a lump sum distribution There are age requirements and other qualifieauons so it would be best to check with a ux advisor on these rules FourTrax" 300 Ktiom rmmkd onh lor ndem 16 want and okkf FourTrax' 3W4x4 Recommended onh for nders lfi years and older The Honda FourTrax 3(H) will tackle the toughest chores and have enough left to carry your tackle The powerful and reliable Honda FourTrax’ 300 4x4 will take you to those special spots and back again And again drive and wide-ratitransmission with automatic clutch reverse gear and Tull-tim- e four-whe- ultra-lo- first Wide-rati- five-spee- d o five-spee- d transmission with ultra-lo- first gear and reverse A 282cc e engine is powerful and reliable — everything you expect from a Honda Triple drum brakes are powerful lightweight and fully sealed for reduced wear Convenient electric starter with auxiliary kickstarter Made in the USA gear Cargo racks front and rear allow payloads of 60 and 132 pounds respectively Snorkel air intake system resists dirt and water entry g ATV in the USA Made in the USA Best-sellin- four-strok- The FourTrax 300 Weekday worker Weekend companion Come see the fun and functional FourTrax 300 4x4 todav Z22HI 2E22Ss BE A RESPONSIBLE RIDER Remember ATYs can be hazardous to operate For your safety never carry passengers and never engage in stunt driving Honda recommends that all ATV nders take a training course and read their owner's manual thoroughly For safety or training information call the ASI at BE A RESPONSIBLE RIDER Remember ATYs can be hazardous to operate For your safety avoid excessive speeds and be particularly careful on difficult terrain Honda recommends that all ATV nders take a training course and read their owner's manual thoroughly For safety or training information call the ASI at Come ride with us Honda Jorgensen's 980 South Main ° Richfield ° 896-640- Toll Free 3-0236 5 pm Monday through Friday ! -' Ver-lcn- 1 8 County Associations of Govern- t ’"- Capt Deborah Storey Marcelle Storey Kristi Lin Wilkinson Monroe Ann Christine Chrise tensen Courtney Christensen DcMille Salina Jamie Shaw Aurora Earl V Sevy Annabclla David M Meanca Central Von T Rowley HEAT Officer Taking Requests 8 |