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CPA’s
Income Is Taxable
Is all the income one receives
from all sources subject to the
same Federal income tax? No,
says the Pennsylvania Institute
of Certified Public Accountants.
Some types of income are exempt
from taxation, while others are
taxed at a rate different that for
ordinary income.
The CPAs say the types of
income to be included with salary
and wages as part of one’s ad
justed gross income include:
Tips, bonuses, commissions
and incentive payments.
Dividends (except for the first
$lOO and except for so-called
dividends on insurance policies,
which are actually rebates of
premiums and not taxable).
Supplemental payments by
one’s employer under a
guaranteed annual wage plan.
Interest received on bank
deposits, loans, etc
Casualty or health insurance
benefits over the amount of loss
or the cost of treating the illness.
Gambling winnings and prizes
won in contests (after sub
tracting gambling losses and the
costs of participating m the
contests).
• ; rphe broad-spectrum soil insecti-
I cide, Belt, is growing rapidly in
• popularity. Controls the widest
; range of soil insects that at
tack com.
GUARANTEE
EFFECTIVE INSECT CONTROL
AND FREE FLOW GRANULES
Should Bolt 33G fail to offoctivoly control
tho soil Insects listed on the label* when
used specifically accerdinx to use direc
tions shown* or should Belt 33G not flow
adequately through a standard spreader
that has been properly adjusted* main
tained* and In food working condition*
Velsicol will refund an equivalent amount
of Belt 33G insecticide to that used on
acreage where Beit performance was not
satisfactory (verified by paid invoice show
ing price and quantity purchased) if the
following conditions are met:
A. Grower has completed and returned the
guarantee registration card available
at his dealer’s within 45 days of
Belt 33G purchase
B. Notice of dissatisfaction of product per*
formance and handling covered by this
guarantee must be submitted in writing
within 60 days of application
C. A qualified Velsicol representative must
be assured that the purchaser used Belt
333 according to label directions The
Velsicol representative must have the
opportunity to observe insect control or
handling performance to determine
whether or not Beit provided economic
control or was applied with properly
maintained equipment
IMPORTANT: Refund is limited to acreage
on which Belt performance or handling was
not satisfactory. Be sure to fill out and mail
the registration card, available at your
chemicals dealer, to verify your purchase
of Belt 336 soil insecticide
orfl IfirfJ aiboqqu il
Explain
Short-term capital gains on
investments sold after being held
six months or less.
One half of long-term capital
gains (realized on the sale of
investments held longer than six
months).
The CPAs say that, with cer
tain exceptions, the types of
income that can be included from
one’s adjusted gross income on
tax returns include:
Salary or wages up to $20,000
earned outside the United States
if the taxpayer was a bona fide
foreign resident for the entire
taxable year
Sick pay up to $lOO a v ek if
one’s employer h an
established wage cci. auation
plan.
Social Security benefits.
That portion of retirement
income resulting from one’s own
contributions to a pension fund, if
the money contributed was taxed
before being paid in.
Food and lodging provided by
an employer, if it was for his
convenience
Unemployment benefits paid
by a state or under the Railway
Unemployment Insurance Act or
CUTWORMS?
WHITE GRUBS?
BELT. BASIC SOIL INSECTICIDE
OF THE ’7os. NEW IMPROVED GRANULES
GUARANTEED TO FLOW FREELY.
n m
V.
1 \
Belt protects corn till harvest, re
gardless of weather. Little hazard
to feed, water, wildlife, when used
properly, Belt is comparatively low
toxic. Its active ingredient is
covered by a tolerance on corn of
0.3 ppm.
• Velsicol guarantees flowability of
Belt 33.3 G granules. Easy to
• handle, it’s applied and incorpo
; rated at or prior to planting.
What
the program for Federal em
ployees.
Strike benefits paid by a union
under certain conditions.
Legacies. (Estate taxes are
paid by the estate.)
Gifts or prizes that did not
require the recipient’s par
ticipation or the payment of a fee.
The CPA Society advises that,
because of the many
qualifications attached to some of
these exclusions, care should be
taken in claiming them.
Sawdust Is Good
For Icy Walks
Coarse sawdust is one of the
best substances to use on icy
walks It may be available at
nearby sawmills and from
firewood dealers, says N. Henry
Wooding, Extension agricultural
engineer at The Pennslyvania
State University. It may be
necessary to use something on
icy walks to prevent serious
injury - use coarse sawdust if it
can be readily obtained.
SEED CORN MAGGOT?
Mechanical Potato
Bagger Successful
Potatoes can be bagged and the
bags sewn shut by machines
without sacrificing market
quality or incurring significant
physical damage.
Mechanizing food handling
methods increases efficiency
while reducing physical damage,
hence a less expensive, higher
quality produce is placed on the
market. Accordingly, several
potato packing sheds in
California have installed
machine fillers and machine
closers for bagged potatoes The
100-pound burlap bags used for
this process are somewhat larger
than conventional ones, which
are packed manually and closed
by hand sewing
But employing machine-filled
and sewn bags worried many
potato packers. The larger bag
size permits tubers to move about
more within the bags during
transit. Such movement would
cause physical damge to the
tubers. Also, the larger size
allows bags to “relax” more
when loaded in the railcar, filling
more voids in the load, and
possibly affecting air movement
In “no-till” planting, a once-over
application proves especially effec
tive and economical. Belt stays in
the soil. .. and works!
The emulsifiable concentrate, Belt
72ECF, is also available if you pre
fer liquid application.
You can have confidence in Belt.
It’s chlordane at its best, for eco
nomical, broad-spectrum control.
At your ag chem dealer’s.
BELT® from
VELSICOL
VELSICOL CHEMICAL CORPORATION
341 East Ohio Street,Chicago, Illinois €O6ll
✓'Lrt,
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Lancaster Farming, Saturday, February 17,1973—9
which in turn would affect
transit temperature—a key
factor in preserving potato
quality.
To alleviate these ap
prehensions, horticulturist
Joseph K Stewart, Fresno,
Calif , and plant pathologist
Jacob Kaufman, Belle Mead,
NJ , both of the USDA’s
Agricultural Research Service,
compared the two handling
methods in shipping tests from
Kern County, Calif., to Jersey
City, N J
The scientists shipped eight
test cars, loading half of each test
car with 300 macme-filled and
sewn bags, the other half with 300
hand-sewn bags All bags were
loaded and placed conventionally
with hand-sewn bags stacked at
the car’s engine end in four cars
and at the brake end in the
remaining four cars.
Therometers, placed in potato
bags at strategic places in each
car recorded load and inside air
temperatures. The scientists also
measured carbon dioxide and
oxygen levels m the cars at
destination, and evaluated
sample bags for product quality.
Test results show transit
temperatures are essentially the
same in both hand-sewn and
machine-sewn containers.
During the tests, average in
dividual load transit tem
peratures ranged from 45
degrees to 52 degrees F for
handsewn bags and 44 degrees
and 54 degrees F for machine
sewn bags. All thermostat set
tings were 42 degrees.
In general, accumulation of
respiratory carbon dioxide is not
excessively high. Potato quality
does not appear to be affected by
the rail car carbon dioxide levels
which accrue in transit. Oxygen
levels are now low enough to
affect the potatoes either.
The crucial question on potato
market quality under the new
handling conditions has been
answered Potatoes shipped m
the two types of bags did not
differ significantly m moderate
or severe cutting or crushing, in
bruising, internal blackspot,
browning, or soft rot.
Since mechanized and manual
potato handling provide equal
product quality, potato packers
can decide which bag and which
system to use on the basis of
economic factors and the com
patibility of the handling system
with their own operations.
Kreider Holstein
Herd Classified
Registered Holsteins in the
herd of John E. Kreider, Lan
caster were recently classified
for body conformation by Lloyd
Boyd, an official classifier of the
Holstein-Friesian association.
Including animals previously
scored, the Trout-Spring herd has
three Excellents, 10 Very Goods
and 26 Good Pluses
Dairymen enrolled in this herd
improvement program receive a
numerical score for each animal
evaluated. The True-Type
Holstein represents theoretical
perfection and has a value of 100
points on the classification score
card. Each animal is scored,
receiving a rating of Excellent
(90 points or more), Very Good
(85 through 89), Good Plus (80
through 84), Good (75 through
79), Fair (65 through 74) or Poor
(64 points or below).