THE DETROIT JEWISH NEWS ;1040 Dedeartooette of Use Tanury—Internal Revenue Samoa Individual Income Tax Return ot or, \ . Your 19 1 Federal Inco Tax Before December 3 soc., ...co, flume. ...o.4•••• ow..a • k rot IRS use Only Ot“ Wes A to eh° flyer •..hoer F.- 9 Do . ,.. ,1,..: 7:; ■,:i: ■,, . IT! C In Ir , I , ,0,11, V. 11 )1er do r ts..:, :ee' Cr : ' D" 1 " :4 ReC;u1d; antra Ming mutt return itten 4 ante one Mad ,,carnal In • ■••■ 504 rt.' ':..."tn: •••0'... of you, dependenl 0.10 , e I *no heed utter y, 2 ., t repottoet Of Othe, dependents (Item I., ?1, - at 0 Totat (40dunes 6a. U. tot/ ci Yourself e at e. :6: or ,..e, - -- dependent . r rah en,10 (Year P.ualtii -;- 2------ ■ YOurfe , I . et Fast homey r; is' Unmartted Heed pl-Nt.hsthcal l'are pap 5 of tnutochuett : su 7 renal (add r.rres 60 and e roe . , so ft destinate SI of swot tares ler ohs tuna' of tete, dots pal 'Mae ■ Yes lo dreenate S1' ' Nv 9 10a DuldencIS . 100 Its, etet.sua Baron P- eo Otetdencts and other cbstobuhony ate 0.er $400. by, 9.1 gss Pant I at Schedule B I [ if $400 or less. enter Iola, without luttng ,n 5c nodule B II oder $400, enter total and tut .n Pan II of SV•etlure B 12Income o1/, than ettetdent35. and thteteot tottr 4h, 13 Total (add fines 9. 10c. 11. and - 11 Interest toconte 14 Athustinehts CO •ncor ∎ e Isucl, as sa.a pay 15 Suldrett the: ',led Cow, It you do not denote, tleducttons and hoe 15 ts b Clem, fo r c Saloon, 17 Ct ..• M. yes Whet trnparyee 14 t rn.,,l. n• SPOti:1 toutsert See nage 5 or instruct ..5 la 0 rou rue , ,',re page a r (0.0. only ONE bo.) Mauled lamp sepatately II 1pOuSt ts I1,0 male cue 'DOW. I sow, wept, numb., .n destitute/ spareibtut ,, e , n , d . en ,,t. e:, Ist .r: _ • - • Yes ngle _E. gee Peresey M Betelaatroa, up pap i 81 Instrotheat n. C.,. rare r rnI sehte St.,. —4 he t.a. et Friday, December 17, 1976 17 nq.,.ng •.penyey er, . 1 04 II 12 13 14 Ifff,01 n••., . 15 oneter 515,000. Itnd tee tn Tables and enter on itne 16 oaf Ct Bat 20 low rat/ j 9. (°::;', re.: 0 19 a .2 ' et/ Ia. 0atutents est. t anal • ,*.C,0,, c 'rite 11 Arno, cued woo e Form 4860 Omer payrnenli 22 ■ hOry, t,e, 67i :ow (.1[1,1 1.neS .'I.1 If Now. e, 0 13 It f,e 2f) .5 ftger (km hne 22. enter e W ith 1 a Tax . S h eltered _ Reti remelt Savings Accoun !, ► L. . _ , _. . _ . _. .,. . „ _ ._,. I at Standard Federal Savings! BA i 24 '' hne 22 ALNCE 0 11E .4 t erger MS W 25 Mon i ne 20. eme, Amount of tine 41,1 OV 26 Ar noont 24 to be REFUNDED ERPAID of brie TO YOU 29 lo 0( :tea o n 19 s eed . esto hated to. 4. .- ..• 22 -' • ► 23 .. 24 ▪ 26 ▪ 2 herei • 5 - .... ;;;4, ■ 74,44.4 ;tar -ft.:. 4614,; Any wage earner who is not a participant in a retirement or profit sharing plan may set up an IRA. This includes: Individual Retirement' Accounts can save you money! . An Individual Retirement Account (IRA) is a personal tax-sheltered retirement savings plan for people who are not covered by a pension or profit sharing plan. The IRA plan allows you to deposit up to $1,500 annually or 15% of your earned income, whichever is less, in a tax- sheltered savings account. Your annual deposit is de- ductible from your gross income when computing your Federal Income Tax and your IRA savings account interest is tax-deferred until you redeem your account. • Individuals working for firms that do not 'have penSion or profit sharing plans. 41 "new" employees who do not qualify for a pension plan at their place of employment. • self-employed persons who. prefer an IRA to a Keogh pian.- • employees leaving a pension or profit sharing plan can roll- over into an IRA account. How Individual Retirement Savings Accounts -grow compared to normal savings accounts INTEREST RATE 5 1/4% 61/2%• 1 yr. Certificate 7 3,4 % • 6 yr. Certificate AFTER 6 YEARS Normal IRA Savtlp)s 510.845 $8.134 AFTER 12 YEARS Normal IRA Savings $19,257 $25.676 AFTER 18 YEARS Normal IRA Savings $45,956 $34,467 AFTER 24 YEARS Normal IRA Savings 5 73,689 $55,267 11,347 8.510 28.054 21,040 52.652 39,489 88,870 66,653 11.875 8,906 30.697 23,023 60.529 45,396 107,810 80,858 KEOGH PLAN The chart assumes wage earner is in the 25% tax bracket and wants to save $1,500 annually with a deposit in each calendar year. With IRA the full $1,500 (no tax payable) is deposited and the interest accumulates tax sheltered until retirement. Without IRA, the $1,500 pre-tax dollars would be reduced by taxes to a net deposit of $1,125 and all interest accumulations would be taxed during the current tax period. and the interest earned is tax-deferred until you retire. Income taxes on both,principal and interest are payable only when benefits are withdrawn from your account. The Keogh plan allows self-em- ployed persons to set aside tax-sheltered dollars up to $7,500 each year, or 15% of your earned income, which- ever is less. The amount you set aside is tax deductible Your Retirement Savings Account May Be Opened In Any Of The Following Savings Programs. We Offer the Highest Rates of Interest Available on Insured Savings Accounts. T o One-Year Savings Certificates* ,, Regular Passbook 1/(7 "1 Savings Accounts /4 Per Daily Interest Interest is paid and compounded terly to yield 5 35% annually Your Savings Insured to $40,000 with the Federal Savings and Loan Insurance Corporation. STAN DAR D FEDERAL SAVINGS pc , $1,000 minimum deposit '$1,000 minimum deposit quar - You simply keep 51.000 or more on de- posit for t2 months. Interest is paid and compounded quarterly to yield 6 66% annually 48-Month Savings • Certificates* 30-Month Savings Certificates* Just keep 51.000 or more on deposit for 30 months and with interest paid and compounded quarterly. you receive 6 92% annually When 72-Month Savings Certificates* $1,000 minimum deposit $1,000 minimum deposit you deposit 51.000 or more in ow Certificate Savings Account for 48 months. interest is paid and compound- ed Quarterly to earn 7 71% annually 7 , : ° . To earn the highest rale of interest, de- posit 51.000 or more for 72 months. Interest is paid and compounded quar- terly to yield 7 98% annually. *You can withdraw your money at any time. However, in accordance with federal regulations on all certificate accounts, a substantial interest penalty is required for early withdrawal. The withdrawn funds will lose 90 days' interest, and in addition the interest on the withdrawn funds will be recalculated froM the original term of the certificate at the then-current regular passbook interest rate. People help PeoPle 50 West Big Beaver, Birmingham 99 West Maple, Birmingham 825 West Long Lake, Bloomfield Hills 3700 West Maple, Bloomfield Twp. 25950 Middlebelt, Farmington Hills 1310 Rochester Road, Rochester 1406 North Woodward, Royal Oak 29405 Greenfield, Southfield 25123 Southfield, Southfield 2401 West 81g Beaver, Troy 2699 West Big Beaver. Troy 940 East Long Lake Road, Troy 645-1500 647-6800 642-7743 647-1505 477-2110 652-2720 547-5900 559-7010 559-4720 643-9600 643-740C 689-4550 tVisto 17540 Grand River. near Southfield 25712 Grand River neat Beech Road 14221 Greenfield near Grand River 10641 Joy Road at Manor 24224 Joy Road near Telegraph 16841 Schaefer Road near McNichols 186 Main Street, Belleville 44101 Ford Road. Canton Township 5811 Middlebelt Road. Garden City 17230 Farmington Road, Livonia 2069 Rawsonville Road. Van Buren Twp. 35150 Michigan Avenue, Wayne 838-2950 535-4880 273-4606 933-7664 538-717t 342-1900 697-8033 981-1685 522-6300 261-7900 481-0600 721-8000 315 South Wayne Road, Westland 123 West Michigan. Ypsitant, 326-8020 482-7566 EnBI 14621:1 East Jefferson at Manistique 16530 East Warren near Outer Drive 11511 Kelly Road at Whittier 25501 Harper, St Ctair Shores 4660 Twenty-Four Mile Road, Shelby Twp 3900 Fourteen Mile Road. Warren 30700 Schoenherr, Warren 821-3085 884-0140 371-9450 771-2200 731-0000 268-3700 779-0800 Downtown Deiro:i 405 Griswold at Jefferson 965-4774