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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Feb 16, 1976
Page
5
Part year employees may qualify for reduced withholding under the part year method. File a written request to your employer, stating expected gross income not exceeding 30000 and no more than 245 days of continuous employment. Contact Taxpayer Service at your nearest IRS office to confirm eligibility.
IRS officials report a rise in filing errors this year driven by new tax laws. About one third of mistakes stem from overlooking the $30 personal exemption credit and 15 percent from earned income credits, causing processing delays and higher costs at service centers.
Paradise Valley AP report cites Ernest F. Hauser claiming Lockheed paid 16 million to a West German party and 500 thousand to Greece in jet fighter deals. He cites 22 million previously admitted, plus 1.1 million to Dutch Prince Bernhard. Hauser says no payment went to Franz Josef Strauss. He quit Lockheed after a 1964 heart attack and now sells aircraft parts.
The AP reports a shift in the market as lower priced and lesser known stocks gain attention while blue chips pause. Investors hunt undervalued issues across exchanges and OTC markets, wary of economic risks, inflation, and past missteps. The question now is whether public sentiment will support the market's next move.
Arizona State University researcher Dr. Suzanne Cook conducts a 100 participant study testing personality, leadership, creativity, and extroversion among men and women executives and trainee managers. The project seeks training programs to ease assimilation of women into top jobs in banking, manufacturing, utilities and government.
Motorola's Government Electronics Division in Scottsdale posted a 15 percent sales rise last year, while the Phoenix based Semiconductor Group saw a 23 percent drop in total sales and a 14 percent fall in new order bookings from 1974. Fourth quarter sales and bookings rose versus 1974, Ralph W. Elsner cited new orders and timely, under budget contract completions as keys to the division's 1975 gains. Overall Motorola experienced a 4 percent sales decline and earnings down 44 percent for the year.
The Arizona State University Center for Executive Development hosts a seminar for senior decision makers in production and inventory control. APICS Phoenix Chapter endorses it as exam prep for the May 8 inventory planning certification. registration is 150 dollars and sessions run 6 30 to 9 p m each Wednesday through April 28.
Several Arizona real estate promoters were subpoenaed to testify in a federal grand jury probe of land fraud in New Mexico. Subpoenas for Dr. John S. Kruglick and others were canceled. The case centers on phony contracts and falsified land reports for the El Rancho Grande subdivision near Albuquerque.
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