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This is the second of a scries of articles by Mr. Nicholas J. Waters, the loonl Public Accountant, dealing with the Income Tax Law. The first article was published in the Plcnsantville Press of February 4th, and we will present, further installments for the next five weeks. Mr. Waters, whose wide knowledge of ihe Income Tax situation has been gained through years of experience in the preparation of In come Tax Returns, will present a short article twice a week on In come Tax Proceedings, and will answer any questions, through the colums of the Pleasantville Press, tint may he submitted by the headers. If you have doubts as to your liability to file a return—of the amount of exemption to which you are entitled, or any other ques tions regarding your Income Tax troubles, send them to the Pleas antville Press, stating fully all the facts in the case, and Mr. Waters will answer your query in the following edition of this paper. All communications should be addressed to Nicholas J. Waters, In come Tax Department, Pleasantville Press. In Friday’s rendition of the Pleasnntville Press, Mr. Waters will take up the questions of Surtaxes, and the credit for “Earned Income” and will an swer such, questions regarding Income Tax problems, as may be submitted by our readers, provided they are of such character that space will allow them to be properly answered in this column. A self addressed, stamped envelope should be enclosed with questions requiring a lengthy answer, and they will be replied to by mail. EDITOR. As staled in my last article, every individual must file a return if their Gross-Income is $5,000 or more. The first step therefore, is to determine the amount of this Gross-Income. If your income wras derived solely from salary or wages the entire amount is Gross-Income. If you are in business, the figure. Is obtained by deducting the cost oh the goods spld from the total sales, the re mainder being Gross Profit. In the case of professional men, the Gross Profit consists of the total fees re ceived. To this “Gross-Profit” should be added any salaries, wages, rents, interest, or otner In come received, to determine the “-Gross-Income.” " If the resulting figure, in either case, is $5,000 or more, you MUST file a return, regardless of the amount of the Net-Income. If you are married and living with your husband or wife, and this amount, is less than $3,500 or if you are Single, or married and not living with your husband or wife, and the atnount is less than $1,500 you need not file. If, however, the Gross-Income is less than $5,0(ffl. * but more than your specific exemption, the next step to determine whether you should file a. return or not, is to find the amount of your Net- In come. ‘ In the case of! a business or pro fessional man deductions may be made for t he “expenses of transac t ing the business, such as salaries, wages, interest on business in debtedness to others, taxes on business property, or for carrying on tiie business, bad debts, depre ciation on property used in the business, rent on business property, heat, light, etc. The remainder is ■ Total-Income. In the ease or a wage earner, Total-Income is Mho amount of the salaries or wages received. From this Total-Income may be deducted any p« r.soual inter. ; t or taxes .paid during the yea., any losses of property sustained by fire, storm, shipwreck, or other casualty, or from theft,"If not coin pensated for by insurance or other Avise, and certain allowable deduct ions for contributions. If the remainder is in excess of your exemption ($3,500. or 11,509. as the case may be) you must file i a return. * ! After computing your Net- I •Income, you are allowed certain de ! Auctions to arrive at the amount j subject to Normal Tax. These con- | gist, of any dividends or taxable in terest on Liberty Bonds etc. re ported in the Total Income, the ’personal exemption consisting of $1,500. lor single persons, or $3,50n. Jar married persons who are living together, or to heads of families, aud a credit of $400. for each per son dependent upon the taxpayer for chief support, if such person is under 18 years of age, or incapa ble of self support because of men tally or physically defective. These dependents do not have to be a ft relative, nor a member of the ii household, but. must be receiving their CHIEF support from the tax r^P«yer on the last day of the tax ;£ablo year. In “mentally pr physical ly ly defectives" are included persons r ijj ill health, or the agetf, In ad ditioii to cripples, and those metally 4efectives. < NICHOLAS J. WATERS ■ J --—<$*$> . —I kin remember W'hen you could ‘have made a hit with a girl by giv ing her a nice warm woolen petti v coat and insulted her by giving her an ash tray.—Cincinnati Enquirer. INCOME TAX QUESTIONS Answered by NICHOLAS J. WATERS. QUES. If you bav© a homo or apartment house, and are making repairs and adding some require ments, can these costs be deducted on making your Income Tax Return? ANS. If this is your personal residence, nejiher the cost of re pairs nor additions can be deducted from your Income for Tax purposes. If, however you are renling the home, the cost of‘the repairs may be deducted from the rents re-1 ceived, provided these repairs are ] I of such nature that they do not I tend to increase the value, nor I 1 lengthen the life of the property. I ! Additions should, in either case he added to the cost of the property, j QUES. I am single, but f>wn my own home, and support my father and mother, who are over 70 years old, and not able to support them selves. Will you let me know whan exemption I may take on my In come Tax Return. j ! ANS. $4,300. provided your I parents live in your home. As a single man you must file a return if your income is $1,500. or more, but by supporting your parents In . your home you receive the classifi cation of a “Head of a family’' and | as such your personal exemption is $3,500, to which may be added | $400. apiece for the two dependents. QUES. During 1926 my auto- i mobile was stolen while I was ar tending a theatre, and has never been recovered. Can I receive any credit for this loss on my Tax Return? ANS. Yes. You may deduct the cost of the machine unless you were compensated for the loss by insurance or otherwise. QUES. My entiro Income con sists of my salary as a teacher in the Public Schools. Must I pay In come Tax? ANS. No. Compensation paid by a staV or any political sub division of a state is not taxable income, provided the services are rendered in connection with Hie “essential governmental functions’* j of the stale or subdivision. Thesci include Teachers, Policemen and Firemen, as well as those holding elective offices. QUES. I am married but separ ated from my husband. Must I file BERLIN BABY IN FIRST POSE A f-Pn.L f y//fj>r.- ftVi ?G/ f> fSH-3T2S> (S> f -'rJCf/ ' Here is tlie first photo of Marv Ellin Mackaf Berlin, daughter of the famous song writer, Irving Berlin and the former F.llin Macbay. Mrs. Berlin is shown holding her month-old child. The Berlins plan to desert New York for the remainder of the winter, having rented a house in Florida an Income Tax R f urn if I received as wages $1,820. during 1920? A NS. Yes. Unless married persons are living together during thf> whole of the taxable year, .they are classed ns single persons for Income Tax purposes, and each re ceive an exemption of $1,500. ANX70UR, M. E. R. and FARMER:—An answer to your questiors would require more space than is available r» this column. If yoc will write again, repeating your questions, and enclosing a self-addressed, stamped envelope, I will answer your queries by mail. -- SEA DERBY PLANNED FOR ATLANTIC CITY (Continued from page 1) cover at least twelve miles, and it is estimated it would require from six to eight. linurs. Announcement lias been made that the resort will stage its first major ocean events during the sum mer months. The first, stunt, on Inne 23, starting at Rhode Island avenue and the beach anti contin uing tlie length of Atlantic City to I he limits of Margate City, five j miles down the beach. The swim mers will circle all the piers, giv ing crowds a chance to see them us they struggle for amateur lion si’s. They will return by the same ioute. Tlie entire course will be shout fourteen miles. — The trouble with the woman ■vim stoops to conquer is that she '•an’t always get herself straight cited out.- again. J. W. MJSENER SAYS CITY WILL DOUBLE IN TWENTY YEARS (Concluded from Page 1 .) magnificent waterfront. At the pre sent writing, in submission to pub lic opinion, the Milwaukee railroad has spent millions in depressing their tracks and electrifying their trains which operate through this district, but notwithstanding this, bridges are erected on every cross street to the waterfront, and while the whole lias been made to make as presentable appearance as pos sible, Chicago has never ceased to regret the short-sightedness of the administration that gave away the most beautiful part of their city. My prediction is that in 15 to 20 years, when Atlantic City is twice the size it is today, if these rail road terminals are occupying their present locations, or nearly so, wro will have canse for many regrets. Another “bugaboo” raised in ar gument Jl* the contention that a commuter will be discommoded by having to two or three blocks fur ther to his train. I know person ally that the large percentage of commuters are taken to and from the depot in their own private auto mobiles, meaning not over half a minute further travel for them. Un questionably when these depots are finished there will -be quick and constant transportation to and from that to any part of the city, either by bus or street railway. I cannot understand the .attitude j of people in considering the Thor j The Super^Six Principle also revealed in the ESSEX iw/»er-SIX An outstanding characteristic of the Essex Super-Six is the complete absence of labor with which it performs every re- ' »-• * quiremenL And, so, in all it does, whether spurting at top speecf, or doing a. comfortable fifty ” miles an hour all day long, you can realize its silky super-performance, only by the way you distance others. 4 PASSENGER SPEEDSTER $750 . COACH $735 . COUPE $735. . SEDAN $7S5 All prices f. o. b. Detroit, plus war excise tax Engineered to lowest maintenance and operation costs TURNER & ADAMS 6 E. Washington Ave., Pleasantville, N. J. oughfare such' a “bugaboo”. When the Pennsylvania railroad located their new $80,000,000 terminal aeross the street from the Chicago & North Western $50,000,000 ter minal in Chicago, on the west side of the Chicago river, everyone lea ving this depot in crossing any of the streets to the south side hotels does so by taxicab or street car. These may be held up at any minute of the day,4 as every bridge has a jack-knife draw, and is open ed not. once, but many times dur ing the day. In listening to arguments as to the difficulty in getting to the Boardwalk from a railroad terminal it seems ridiculous when compared to the above statements. I do not believe anyone- stays away from Chicago because they have to cross the Chicago river to get to a hotel. I fail to understand where it. will require any great feat of engineer ing on the part of the railroads to locate their terminals north of the Thoroughfare, and consider it quite as much 10 their interests as to ours to provide railway facilities that, will not interrupt the progress and expansion of this city. I There is only one direction in ! which we can expect to expand and that, is to the north over the mea > dows, and with this thought in mind, we must consider in the light i of future conditions, or find our 1 selves in a parallel position with j Chicago, as noted in the foregoing. I I cannot see where tneir now I? 1,000,000 terminal constitutes a | gift. if it does not* fit tlie con jdit.ions. I am thoroughly convinced, and Ibis is also the opinion of : many people with whom I have ! talked, but who unfortunately do not seem interest Id enough to ex press their views. That “if we never expert to grow, the termin als are alright where they are, hut as we do expert to grow,( and I believe, in 20 years this city will he twice the size it is now,) we must look and plan* a long ways ahead. The greatest mistakes have been made in doing things in a hurry. The railroad has been, planning for months on their terminal as presented, and why do many people t mplng at. conclusions, without, any study of the mailer at. all, decide on a moment’s notice to accept a reposition, on which they expended no thought, or consideration. I think it is most, regrettable that more of our prominent citizens do not. come forward and either confirm or condemn the plans which are offered us now, but on j which I can see no necessity for i being decided on too hastily. -- MANY FORTUNES ARE LOST IN “NOT BUYING” REAL ESTATE (Continued from page 1) business asset is pre-vision. Ac quisition of sound knowledge of real estate values rests upon close observation of the history of tlie city’s development. The activity of any one of the high caliber opera tors preaches a sermon of convic tion, based upon an intimate study of conditions and of courage lo lead and vto venture where others wait and hesitate. ' LOCATIONS LIKE ALBANY BOULEVARD MAKE BUSINESS (Continued from page 1) vard in June, 1923, almost four years ago. The values of the front footage has quardupled In that time. I should say that if a man can get frontage on the Boulevard today at $500 per foot, it would he a good sensible purchase. The gentral trend of business In Ailantic City is toward the point where Albany Boulevard enters. It is the geographical center of the Absecon Island and the coming business center. I am so convinced that the Albany Boulevard is the logical site of the automobile business of the Atlantic City Metropolitan urea that 1 have built additions to my own building and will greatly enlarge jtht. plant; Tbje building which I am doing at this time will, combined with .my earlier con struction, give bin 25,000 square feet of space for automobile busi ness. It is well to bear In mind thar tho automobile business Is the second largest business Industry In this country today, and that the people who are engaged in It are live enough to eventually make it the first and largest industry. This does nbt mean that the others are going to die or shrink, but it. does moan that the auto mobile business is growing every day. Liocat.ions like the Albany Boulevard make business. Located on the Albany Boulevard you are out whoro the people can see you. More and more people see you. The more that people see your placn of business the more people call to transact, business. Locate a business on a live main artery and you have to keep moving to take care of the business that comes your way. I am “sold” to Albany Boulevard. -- ADVANCE TOWARD ALBANY BOULEVARD (Continued from page 1) poses.’' Commenting on prices, Mr. Com* ly said: “When I bought, the corner of California and Pacific avenues I paid $7,000 for it. That was the prevailing figure in those days. Nowadays corners are demanding from $ir»00 to $2000 per front foot on Atlantic Avenue. T paid $2.r>0 a foot for the corner of Atlantic and Iowa avenues.” -/p.v, —“John, dear,” said the young wife fearfully, “I know it it’s un pleasant to have to rake up the past, hut—” “Oh, Lord, what’s happened now?” demanded her husband. “The baby’s been playing tvith ’The Outline of History’ on the lawn.”—American Legion Monthly. -1-_ —The statisticians inform us that there is now in the United States one automobile for every five inhabitants. Each driver now lias the alternative of either kill ing four persons, or asking them to ride with him.—Reporter. -- —If Mussolini is killed, he will he ] severed as a second Julius Caesar. < f j> Buick owners enjoy the savings of leadership In purchase price and daily use, Buick own ers profit by the savings of leadership. The price of a Buick is moderate, but it buys a car built to the very finest quality ' ideals — one that would cost you con siderably more, if h were not for Buick volume. For years, the 'savings provided by great volume have been devoted to the enrich ment of Buick value. And for years, Buick owners have had a more dependable motor car—one in which high quality lessens upkeep expense. Buy a Buick! It is an investment in econ omy and satisfaction. THE GREATEST BUICK EVER BUILT HALL & GRAVATT 2200 Atlantic Ave. Atlantic Citv. N. J. Phones: Marine 6030 and 6031 ' Oklahoma Indians Visit Coolidge Osagt* Indians o!' Oklahoma, calling at the White House rectal'* to discuss tribal matters through their commissioner, brouuat » •» leather for Mr^Cooiidge to put in his c*»" (. Ife-S TCtLMANS_PH0H£660jg[ USED CARS Our Low Prices Save You Money A Used Car bought from us is a sale investment. It will give both Good Service and Satisfac? tion—No Car is sold by us until i it has been put in perfect me 1 chanioal condition by our expert | mechanics. We stand back ol’ j every Used Car we sell. A few Good Buys, Ready for Delivery: 4 . f 1925 ESSEX COACH 1926 ESSEX COACH 1925 FORD ROADSTER 1925 FORD TUDOR SEDAN 1923 HUDSON COACH 1925 OLDSMOBILE COACH 1924 DORT SEDAN Several Open Cars at unusual ly Low Prices. Come in and look Them Over—-Try Them Out ; — Huy on Our Liberal Time Pay ment Plan. . » TURNER & ADAMS Hudson—Essex Sales & Service 18-20 E. WASHINGTON AVE. (New Garage) Phone 180 Pleasantville, N. J. WILLYS-KNIOHT OVERLAND SALES and SERVICE See the ‘WHIPPET* the European Type Car CITY GARAGE tJG E. WASHINGTON AVE. "Woody” Dare Phone >—866 ^^u^oooooooooc*0ooocoo0C0000000cx>0000000000000000q | Phone Pleasantville 241 if ANTHONY J. CORIO I PRINTER I j Successor to PENH ALLOW PRESS ;> 236 W. Washington Ave. I | —fqan#— | | If It's PRINTING, We Do It! ! ’OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO , Starters • ' " ' * r . - 1 Generators Magnetoes Ignition Work Official Thermoid Brake Service All Carg Earl J. Sambrook COMPLETE ELECTRICAL SERVICE EXIDE Batteries Batteries Called for and Delivered Phone 15-J 401 W. Washington ave. . . • - rif.-isaiUville, N. J. ' r' : ~ ~— i j. ... ' a ,V f* Need Male Help? Try Press Want Ad.!