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February 12, 1985 - Image 2

Resource type:
The Michigan Daily, 1985-02-12

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Page 2 - The Michigan Daily - Tuesday, February 12, 1985
April tax blues
(Continued from Page 1) this case parents can cl
ted by the National Association of Ac- deduction in addition to1
countants. own personal $1,000 exemp
ACCORDING TO Borradaile, being a In most cases straigh
student won't get you any advantages grants and scholarshi
when it comes to filing a return. taxable according to
"Students really don't get many good "The, a cring tu
breaks on taxes at all," he said. There are certain statut
Walter Dunnigan, a public affairs for excluding grants and s
representative for the Treasury Depar- he said. There are excepti
tment, agreed. "Students are pretty and Dunnigan advises c
much treated as other taxpayers," he the institution that award
said. However, Dunnigan added that before filing a return.
there is a tax break for the parents of IN ADDITION, to VIT/
dependent students who also work. In formation hot-lines run by


harangue community
im a $1,000 Department, there are private tax ser- the prior three years' averag
he student's vices available for students who need a But this benefit can only 1
ion. hand with their returns. self-supporting students. "
-out money Claudine Ferrand, owner of Ann Ar- year (dependent) students
s are not bor Tax Service in Nickel's Arcade, pointed they can't use it,'
Dunnigan. said her fee for preparing a tax return said.
is usually about $20.

e income.
be used by
Year after
are disap-
" Farrand

ory provisions
ons, however,
hecking with
ed the money
A and tax in-
the Treasury

Accbrding to Farrand, some students
who have a big jump in their income
will often try to save in taxes by using
"income averaging." This allows you to
define your average income as the
amount by which the current year's
taxable income exceeds 140 percent of

Both Borradaile and Farrand said
that if you intend to have your tax
returns prepared by a service, you
should bring all the necessary paper-
work with you for the appointment.
This includes W-2 forms, interest
statements, and receipts for itemized
deductions. -

Students conquer I
(Continued from Page 1)
packages including a Porcupine Moun- and transportation, according to Mary
tain cross-country ski expedition and a Fran Grossman, assistant director of
canoe trip in southeast Georgia. the center. Pre-trip meetings will be
A few spaces are still open for the held Thursday at the NCRB.
trips, which include equipment, meals, ONE OF THE most popular features



, ,

has been the cross-country ski rentals.
"Lots of snow this year has definitely
contributed to the huge success of the
cross-country ski rental program,"
Grossman said.
The Ann Arbor Ski Club and Univer-
sity cross-country ski club have teamed
up to offer free lessons through the cen-
ter, she said.
"I HAD NEVER really skied before,
so I went to one of their free lessons,"
said Trevor Hartley, a visiting
professor from the London School of
Economics, "and now I go about three
times a week. It's really good fun."
"If the snow stays, we'll probably
hold more beginning lessons rights out
back (of NCRB)," Grossman said.
A resource room at the center is

designed to help people plan vacations
with information on parks, trails,
rivers, and equipment.
"WE REALLY HOPE people start
using it more," Grossman said, "it
would be very helpful for anyone plan-
ning a trip."
The idea for the recreation center
began in 1981, Pitcher said, when Mike
Stevenson, the director of recreational
sports, asked for a list of possible
programs being utilized by other
schools which could be adopted by the
The administration's freeze on all
new projects and a 28 percent cut in the
NCRB' general fund budget stalled ef-
forst to establish the center, Pitcher

February 20

Sundstrand, a leading technology-based company, is involved
in the design, manufacture and sale of advanced electrical and
mechanical aerospace systems for commercial and military jet
airpraft as well as missiles and space applications.
Sundstrand is a Fortune 500 company headquartered in
Rockford, Illinois with annual sales of about $1 billion. We have
manufacturing and service locations worldwide and use
state-of-the-art technologies to design, manufacture and deliver
our products.
We offer a competitive salary, a solid benefit package including
health and dental, an educational reimbursement program and
a liberal holiday schedule. Investigate the engineering
opportunities for you!

Study outlines '85 jobs

(Continued from Page 1)
pay scale, while electrical engineers
and metallurgy/material science majors
top the list.
But liberal arts majors should not
despair, Shmgleton says.
He points out that the employers sur-
veyed said the two biggest shor-
tcomings in higher education are the
lack of students with communication
"THIS PLAYS into the hands of the
liberal arts students because they are
better prepared to handle the written
and spoken word."
Geographical regions that promise to
offer the most jobs to new graduates
are Southwestern and Southcentral
United States. These regions include

Hawaii, California, Arizona, New
Mexico, Texas, and other states in the
Sun Belt.
The Eastern Seaboard is the second
brightest "hot spot," the Northwest and
Midwest - including Michigan - are
rated as worst.
Degree level and past work experien-
ce contribute to beginning salary more
so than do grade point average, accor-
ding to the employers who responded to
the survey. But they said nearly half of
their new hirees ranked academically
in the top fifth of their graduating class.
Employers listed on-campus inter-
views as their greatest source of new
workers, followed by write-ins, want-
ads, job listings with placement offices,
and walk-ins.


Sundstrand Corporation
4747 Harrison Avenue
P.O. Box 7002
Rockford, IL 61125-7002

Compiled from Associated Press and
United Press international reports
Reagan meets with Saudi king
WASHINGTON - President Reagan, saying it is time to "turn the page to
a new and happier chapter" in the troubled Middle East, asked King Fahd
yesterday to use Saudi Arabia's "considerable influence and moral suasion"
to bring about direct negotiations between Israel and its Arab neighbors.
But Fahd asserted that it is up to the United States to lend its efforts in
support of the Palestinians and gave no response that indicated Saudi Arabia
might heed Reagan's call for talks with Israel.
The president greeted Fahd, the first major Arab leader to visit Reagan
during his second term, on the South Lawn of the White House before U.S.
Cabinet members, other top officials, and dozens of Saudis attired in the
traditional flowing desert robes.
"The security of Israel and other nations of the region and the legitimate
rights of the Palestinian people can and should be addressed in direct
negotiations," Reagan told the king. "It is time to put this tragedy to rest
and turn the page to a new and happier chapter."
Israeli jets bomb guerila camp
BEIRUT, Lebanon - Israeli jets bombed a Palestinian guerrilla camp in
eastern Lebanon's Bekaa Valley yesterday - the second such attack in 24
hours. Syria said its air defenses fired on the attacking jets.
The Israeli military command in Tel Aviv said the raid was on a camp to
the Abu Moussa group, a Syrian-backed rebel faction that split with Yasser
Arafat's Palestine Liberation Organization in 1983. Reporters in the area
said at least four fighters were injured in the latest attack.
The bombing raid, about 28 miles east of Beirut, came a day after guerrilla
attacks in occupied southern Lebanon killed three Israeli soldiers, two of
whom died just north of the border in an area protected by the Israeli-backed
South Lebanon Army militia.
Beirut radio stations said yesterday's bombing raid began at about 11:45
a.m. near the town of Chtaura, on the Beirut-Damascus international high-
way, where the Syrian army force in Lebanon has its headquarters.
A Syrian communique said its air defenses fired on the attacking jets and
forced them to return to the "occupied teritories" - meaning Israel. The
Israeli command reported all its planes returned safely after scoring "ac-
curate hits."
Hanoi to return MIAs' remains
BANGKOK, Thailand - Vietnamese sources said yesterday that it could
take as long as a month to turn over the remains of five people whom Hanoi
has identified as Americans missing in action in the Vietnam War. They
cautioned that U.S. criticism could jeopardize the operation.
"Any hostile statements by the U.S. side could cause a postponement," said
one Vietnamese source here, who spoke on condition that he not be iden-
Sources said yesterday that Veitnamese officials who deal with MIAs told
U.S. counterparts at a meeting in Hanoi last week that they would hand over
the remains of five Americans. But details were sketchy.
U.S. sources said they were encouraged by the Vietnamese decision to
return the remains.
There are 2,483 Americans listed as missing in action in Southeast Asia,
including 2,441 U.S. servicemen and 42 civilians. All but one have been
declared legally dead for purposes of administration of family benefits.
Tax shelters cost $24 billion
in '84, Nader group reports
WASHINGTON - A Ralph Nader research group said yesterday that tax
shelters cost the federal government $24 billion last year, with 82 percent of
the money going to people with annual incomes higher than $100,000.
The Public Citizen group blamed President Reagan's tax policies for a 33-
percent increase in shelter losses to the treasury since 1981.
The Reagan administration hailed the 1981 across-the-board tax reduction,.
which cut the maximum individual tax rate from 70 percent to 50 percent,
"as a deathblow to shelters," Richard Meyer wrote in a report for Public
Citizen called, "Running for Shelter." He added: "In reality,... the Reagan
tax cut proved an unprecedented bananza for shelters because of its
generous revisions of the depreciation laws."
Meyer's report however, hailed the tax-overhaul plan recommended in
November by Reagan's Treasury Department as an effective way to choke
off some shelters.
S. Korea prepares for elections
SEOUL, South Korea - Voters will deliver their verdict today on the ap-
peal of a new opposition party pressing for democratic reforms, but the elec-
tion is not expected to upset the strong legislative majority of President
Chun Doo-hwan.
The campaign was overshadowed in its last days by the harsh treatment
opposition leader Kim Dae-jung received when he returned from self-exile in
the United States. Kim and the other main opposition leader, Kim Young-
sam, are under house arrest and blacklisted from political activity.
South Korea's 24 million voters will determine the makeup of the 726-
member single-house National Assembly for the next four years. They can
choose between Chun's ruling Democratic Justice Party and the new Korea

Democratic Party formed last month by opponents of the former army
general's government. J
Vol. XVC - No. 110
The Michigan Daily (ISSN 0745-967 X) is published Tuesday through Sunday
during the Fall and Winter terms and Tuesday through Saturday during the
Spring and Summer terms by students at the University of Michigan. Sub-
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cate and College Press Service, and United Students Press Service.


An Equal Opportunity Employer

:'r:;... -i: : :: :: "; ~ :: : ":": i :i": :i: "


Round trip. Anywhere Greyhound goes.

This spring break, if you and your friends are
thinking about heading to the slopes, the beach or
just home for a visit, Greyhound can take you there.
For only $99 or less, round trip.
Starting February 15, all you do is show us your
college student I.D. card when you purchase our
ticket. Your ticket will then be good for travel or

15 days from the date of purchase.
So this spring break, get a real break. Go any-
where Greyhound goes for $99 or less.
For more information, call Greyhound.
Must present a valid college student l.D. card upon purchase. No other discounts
apply. Tickets are nontransferable and good for travel on Greyhound Lines, Inc.,
and other participating carriers. Certain restrictions apply. Offer effective
2-15-85. Offer limited. Not valid in Canada.

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