Earned Income Credit Explained for 1975 Filers
The negative income tax idea resurfaced as the earned income credit offers refunds up to 400 dollars for low income workers. Eligibility requires a joint return with dependents under 19 or a student, and the credit equals 10 percent of the first 4000 earned, phased down as income rises. Example shows Fred Jones with 4750 wages and 300 other income, yielding a 270 dollar refund after tax.
MENTIONED IN THIS ARTICLE
Fred Jones
Strong NCNB Chief Denies Bank as Problem Institution
NCNB Corp. chairman Thomas I Storres rebutted Wall Street Journal claims that North Carolina National Bank is a problem bank. He cited a 1974 examiner note that NCNB was not judged a problem bank and urged removal of outdated reports. Storres touted liquidity with 629 million in government securities and 1975 earnings of 21.2 million, up 25 percent from 1974.
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Charlotte
Thomas I. Storres
Ncnb Corp
Wall Street
Atartes
Comptroller’s Office
Ques
Federal Reserve Board
Storres
New York Times
Federal Reserve
Division of Banking Supervision and Regulation
North Carolina National Bank
U. S
Heroin Trial Security is Tight in Greensboro
Security was tight on day two of Harold William Stanfield of Burlington trial for dealing in narcotics. Briefcases entering U S District Court were checked and an SBI agent testified about a warrant served last November. Stanfield reportedly claimed life as a California boiler and to have nearly fought heavyweight Ken Norton. He also explained the nickname Cookie from a childhood jar accident.
MENTIONED IN THIS ARTICLE
Greensboro
Harold William Stanfield
Burlington
SBI
Stanfield
California
Ken Norton
Cookie
Oil found in Landrum water supply sparks arrest
Landrum water supervisor Joseph Lee Becknell, 25, is jailed on charges arising from two incidents this month that contaminated the city water supply with motor oil. About 1,300 customers were without running water for five days first, then overnight. Becknell, who ran the system about a year, was dismissed and confessed to adding pollutants to Vaughn's Creek and to samples sent for testing.
MENTIONED IN THIS ARTICLE
Joseph Lee Becknell
State Department of Health and Environmental Control
Becknell
Spartanburg County
Raw Pork Threat To Viet Immigrants During Tet
Public health officials warn that Vietnamese immigrants celebrating Tet may eat raw or undercooked pork, risking trichinosis a potentially deadly parasitic infection. Dr. Newton McCormick explains symptoms, transmission, and treatment, noting risk is present but not certain.
MENTIONED IN THIS ARTICLE
Raleigh
United States
South Vietnam
Orient
Newton McCormick
North Carolina
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