Form 990-T (1968)

Page 4

Schedule

H—INTEREST ON INDEBTEDNESS (See Instruction 16)

Explanation

Amount

Total (enter here and on line 16, page2). . . . - + -

Schedule I—TAXES (See Instruction 17)

Explanation

Total (enter here and on line 17, page 2). -_-

Schedule J—OTHER DEDUCTIONS (See Instruction 25)

Explanation

Amount

Total (enter here and on line 25, page 2). _-

If the amount on line 5, page 1 or
on line 33, page 2, is:

Not over $500_
Over $500 but not over $1,000-
Over $1,000 but not over $1,500-.
Over $1,500 but not over $2,000.
Over $2,000 but not over $4,000-

Over $4,000 but not over $6,000-.
Over $6,000 but not over $8,000.
Over $8,000 but not over $10,000.
Over $10,000 but not over $12,000.
Over $12,000 but not over $14,000.

Over $14,000 but not over $16,000_.
Over $16,000 but not over $18,000...
Over $18,000 but not over $20,000.

Enter on line 16, page 1:
149% of the amount.

$70, plus 15% of excess over $500.

$145, plus 16% of excess over $1,000.
$225, plus 17% of excess over $1,500.
$310, plus 19% of excess over $2,000.

$690, plus 22% of excess over $4,000.
$1,130, plus 25% of excess over $6,000.
$1,630, plus 28% of excess over $8,000.
$2,190, plus 32% of excess over $10,000.
$2,830, plus 36% of excess over $12,000.

$3,550, plus 39% of excess over $14,000.
$4,330, plus 42% of excess over $16,000.
$5,170, plus 459 of excess over $18,000.

If the amount on line 5, page 1 or
on line 33, page 2, is:

Over $20,000 but not over $22,000.
Over $22,000 but not over $26,000.

Enter on line 16, page 1:
$6,070, plus 48% of excess over $20,000.
$7,030, plus 50% of excess over $22,000.
Over $26,000 but not over $32,000. $9,030, plus 53% of excess over $26,000.
Over $32,000 but not over $38,000-- $12,210, plus 55% of excess over $32,000.
Over $38,000 but not over $44,000-- $15,510, plus 58% of excess over $38,000.

Over $44,000 but not over $50,000-- $18,990,
Over $50,000 but not over $60,000-- $22,390,
Over $60,000 but not over $70,000_- $28,790,
Over $70,000 but not over $80,000... $35,190,
Over $80,000 but not over $90,000-- $41,790,

plus 60% of excess over $44,000.
plus 62% of excess over $50,000.
plus 64% of excess over $60,000.
plus 66% of excess over $70,000.
plus 68% of excess over $80,000.

plus 699% of excess over $90,000.
plus 70% of excess over $100,000.

Over $90,000 but not over $100,000- $48,590,
Over $100,000-- $95,490,

U.S. GOVERNMENT:

INTING OFFICE: 1968~O-290-054


Tax Return (under section 511 of the Internal Revenue Code)

U.S, Treasury Department For the ca‘endar year 1968 or other taxable year beginning
laternal Revenue Service

Exempt Organization Business Income
vom 990-T | 1968

oon , 1968, and ending ........ escent Cn
Name of organization Employer Identification Number
(In case of employees’ trust described in

section 401(a) and exempt under section
S0i(a), insert the trust's identification

Number and street number.)
City oF town, State, and ZIP code "| Nature of unrelated trade or business activity
Name and address of trust's fiduciary Date of current exemption letter and

code section under which you are exempt.

Complete page 1 if unrelated trade or business gross income is $5,000 or less.
Complete the entire form (except lines 1 thru 5) if unrelated trade or business gross income is over $5,000.

~~ Unrelated business taxable income comp! in—When unrelated trade or business gross income is $5,C
1 Unrelated trade or business gross income (State sources ses . a
2 Less deductions . .
3 Unrelated business taxable income before ‘specific de deduction . . ee ie
4 Less specific deduction. © 6. 6 1,000.00
5 Unrelated business taxable income .

TAX COMPUTATION

ORGANIZATIONS TAXABLE AS CORPORATIONS (See General Instruction aay
6 Unrelated business taxable income (line 5 above, or line 33, page 2) :

7 Surtax exemption (line 6, $25,000, or amount apportioned under section 1561, whichever is is lesser) .
Bline G less line7. 6 1 ee
9 (a) 22% of line 6.

(b) 26% of line 8. .

(c) If multiple surtax exemption is elected under section 1562, enter 6 percent ¢ of line 7.

10 If alternative tax computation is made in separate statement, enter such tax here .
11 Income tax (a) (line 9 or 10, whichever is lesser) . oe
(b) Tax Surcharge—10% of line 11(a) (Fiscal Year Ending A After June 30, 1969
see instruction page 4) .
Less: (a) Foreign tax credit (attach Form 1118) .
(b) Investment credit (attach Form 3468) .

L

it

&

13 Balance of income tax. . 2. 1 1. soe .
14 Tax from recomputing prior year investment credit (attach er
15 Total income tax (line 13 plus line 14). Enter here and on line 23 .

TRUSTS TAXABLE AT INDIVIDUAL RATES (See G General Instruction mn A)
16 Tax on line 5 above or line 33, page 2 (from Tax Rate Schedule, page 4)
17 If alternative tax computation is made in separate statement, enter such tax here .
18 Income tax (a) (line 16 or 17, whichever is lesser) .

1

(b) Tax Surcharge—7.5% of line 18(a) (Fiscal Years, see instruction page 4).
19 Less: (a) Foreign tax credit (attach Form 1116) .
(b) Investment credit (attach Form 3468) .
20 Balance of incometax. . 2 2. 2. ee ee

21 Tax from recomputing prior year investment credit (attach statement). Se
22 Total income tax (line 20 plus line 21). Enter here and on line 23 .

TOTAL INCOME TAX,

23 Total income tax (from line 15 or 22, whichever is applicable). . . Bo ee
24 Credits: (a) Credit from regulated investment companies (attach Form 2439) .
(b) Tax deposited—Form 7004 application for extension (attach copy) .
(©) Credit for U.S. tax on nonhighway gas and lube oil (attach Form 4136) .

25 If tax (line 23) is larger than credits (line 24), the balance is TAX DUE. See instr. D for Tax Deposit System ——>
26 If tax (line 23) is less than credits (line 24)._. . . . . Enterthe OVERPAYMENT here. . ——————_»>

Under penalties of perjury, | declare that | have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief it
true, correct, and complete. It prepared by a person other than taxpayer, his declaration ts based on all Information of which he has any knowledge, " \"Owte#e® and belief it is

Signature of offi

CORPORATE
‘SEAL

Date

signature of preparer

Kadress


Form 990-T (1968) Page 2
UNRELATED BUSINESS TAXABLE INCOME COMPUTATION

UNRELATED TRADE OR BUSINESS GROSS INCOME
Gross sales (where inventories are Less: Returns and
an income-determining factor) allowances
Less: Cost of goods sold (Schedule A). . . . . 1 +
Gross profit from sales... 1 ee ee ee ee
Gross receipts (where inventories are not an income- determining factor).

.

Noaapawn

Less: Cost of operations (Schedule B). . . - + eee

Gross profit where inventories are not an income: determining factor. 2 ee
(a) Net capital gain from cutting timber (attach statement) .

(b) Net ordinary loss from cutting timber (attach statement). . . . noe

(c) Ordinary gain from disposition of depreciable property under sections 1245 and 1250 (attach statement)

8 Income (or loss) from partnerships (attach statement) .
9 Business lease rents (ScheduleC). - . 6 - ee ee eee
10 Total unrelated trade or business income on lines 3, and 6 to 9, inclusive. . - - . ss + ees

DEDUCTIONS
(Except contributions, deductions must be directly connected with the unrelated business)

11 Compensation of officers or trustees (ScheduleE) ©. - ee 6 ee ee ee ee ee ee
12 Salaries and wages (not deducted elsewhere). . - - 2 - 2 2 ee ee ee ee ee
UB Rents. 6 ee
14 Repairs (do not include capital expenditures) . :

15 Bad debts (Schedule F if reserve method is used)... - ee ee ee ee ee ee ee

16 Interest (Schedule HH). - 2 0 ee
17 Taxes (Schedule)... . ee toe So
18 Contributions (attach schedule—see instructions for limitation).
19 Casualty or theft losses (attach schedule) .
20 Depreciation (Schedule G). . © © 6 + 6 6 ee et ee ee ee ee
21 Amortization (attach schedule)... 6 6 6 6 8 ee ee ee ee ee ee ee
aden es
23 Advertising... . + + see see
24 (a) Pension, profit-sharing, stock bonus, annuity plans (attach Form 2950).
(b) Other employee benefit plans. 6 6 6 ee ee ;
25 Other deductions (Schedule J)... 6 ee
26 Total deductions on lines 11 to 25, inclusive. . © «© - © es © ee ee ee ee
27 Unrelated business taxable income before allowable exempt activity expenses (ine 4 10 less line 26) .

28 Less: Allowable exempt activity expenses (attach schedule. See instruction 28) .

29 Unrelated business taxable income before net operating loss deduction (line 27 less line 228).

30 Less: Net operating loss deduction (attach statement). . ©. - se 6 ee ee ee ee
31 Unrelated business taxable income before specific deduction. ©. © 6 6 2 2 ss © ee ee ee ee
32 Less: Specific deduction. . . a D
33 Unrelated business taxable income « oa oa . ee ee ee ee

Schedule A—COST OF GOODS SOLD (See Instruction 2) Schedule B—COST OF OPERATIONS
Method of inventory valuation (specify)—

1 Salaries and wages. «©. - ee wwe Jue

1 Inventory at beginning of year. « see 2 Other costs (to be detailed):
2 Merchandise bought for manufacture or sale . (a) ...

3 Salaries and wages. . s/s ee (b) -..
4 Other costs (attach schedule). . . . «+ ©
5 Total 2 2 ee ee @
6 Less inventory at end of year. . i ®) ...

7 Cost of goods sold (enter here and on line 2,
page 2)... 1. 7 + ee eee 3 Total (enter here and on line 5, page 2).



Form 990-T (1968) Page 3
Schedule C—BUSINESS LEASE RENTS (See Instruction 9)

5. Depreciation

1, Description of Leased Property 2, Total Rent Received 3. Taxes and Other Expenses 4. Interest | _cEaplin in Schedule )

Continuation of Schedule C

6. Amount of Unpaid | 7. Adjusted Basis of Leased | 8. Percentage which | 9. Gross Rental Income | 10. Allocable Deductions (Total of | 11. Net Rental Income (or loss) In-
Indebtedness Property (Attach Statement)| Col. 6is of Col. 7 | (Column 2 X Column & | Coiumns 3, 4, and 5 X Column 8) | cludible (Column 9 less Column 10)

Total (enter here and on line 9, page 2). . . . - - ee ee ee ee ee

Schedule E—COMPENSATION OF OFFICERS

3. Time Percentage of Organiza-
| 2.Title Devoted to |_Peton's Stock Owned & Amount of 7, Expense Account
Business |. Common | 5. Preferred P

1, Name and Social Security Number of Officer

Total compensation of officers (enter here and on line 11, page 2)... . 2... ee
Schedule F—BAD DEBTS—RESERVE METHOD (See Instruction 15)
Amount add

1. Year| c sistanding atend year | % Sales on account 4. Gurrent year's | 5, Recoveries | & Aaiatctanees | 7 Paste h gear
1963. |............

1964.

1965.

1966.

1967.

1968.

Schedule G—DEPRECIATION (See Instruction 20)

Taxpayers using Revenue Procedures 62-21 and 65-13: Make no entry in column 2, enter the cost or other basis of assets held at end of year
in column 3, and enter the accumulated depreciation at end of year in column 4.

i 4. Depreciation ‘5. Method of if
1. Group and guideline class 2. Date 3. Cost or 6. Life or 7. Depreciation
‘or description of property acquired other basis | aMewed of aviowable | computing rate for this year

1 Total additional first-year depreciation (do not include in items below)
Buildings... 1 eee
Furniture and fixtures...

Transportation equipment . «
Machinery and other equipment .
Other (specify)

2Total . . . - . see ee ee tone : ry
3 Less amount of depreciation claimed in Schedule C and elsewhere on return. «©. ee eee ee ee
4 Balance—Enter here and on line 20, page2_- . - se ee + ee ee ee ee et tte