Ogden Standard-Examiner | 1927-01-23 | Page 7 | Your Income Tax

Your Income Tax NO 0 7 All AU net Income up to whether actually earned or not Is considered earned net Income for tor forthe forthe the purpose of ot computing the 2 25 per cent credit on such uch Income o of returns are received showing net Income In excess or of part ot of which was front from salary wages l rees fees and etc etc and part ot of o nit w n- t it not earne earned i Following c e cample ample ample l of how to correct correctly I ly the tho tax duo on en such n return A tax taxpayer married 1 and with lib oh nt dependent dependents In 1326 1926 a 0 sal I salary salary ary ot of 1000 and front from a real e lute lilo transaction made n R net Profit of His Ills personal Is The tax rate ate Is 1 y per percent percent percent cent on Oil the Ilia first In o Of such exemption mid and JI i 2 a per cent centon centon all on the 1111 remaInder I et et Income LesS personal l exemption Balance taxable Income O J Hi 1 per Ier er cent on first GO 60 3 per cent on tho the remaining 00 13 15 1 Total tax tar Jut But Of 01 the n net mist t income Is considered its aa earned nl ni income Front From therefore is hI deducted the personal exemption of 1600 tIme the tax tint on the Iho remaining at IVi 1 p per r cent tent amounting to 22 1250 SO Deduct o one ot of or OP tl 03 from 7 75 Jetty v lug log payable a tax O of or