The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1938-02-10

turn?
A. At the offices of the State Income
Tax Department located at the State
Capitol, st. Paul Minnesota, or 624
First Avenue North, Minneapolis, Min
nesota or the Court House in Duluth
Minnesota. Letters requesting informa-
ton in regard to returns should be adj
dressed to the ST. Paul Office. Forms
are mailed from the st. Paul office only
@. I receive alimony from former
husband Is this alimony includable in
gross income?
A. No.
@. How would you compute the tax
on taxable net income amounting to
$49, 10000 for an unmarried individual
with no dependents?
A. Tax on 100000, 81 1865 90
Tax on $29,5OO at 1919, ;. 2,950OO
Total Tax, ............... 4315.OO
Less Credit, .......... 1000
Tax, ACKNOWLEDGEMENTS. 81 ,3O5 90
@. I am unmarried individual and
work for company engaged in pro-
ducing and mining iron ore 1t is my
understanding that corporations en-
gagged in this business are exempt from
the State income tax. Would my salary
which is paid by a mining company, be
exempt from tax also?
A. No. The exemption applies to
corporations only.
@. During the year 1887 I received
gift Of $4,000 in property from
friends. Is this amount taxable?
A. No. But the income from such
property shall be included in gross in
come.
@. Ireceive pension from the State
of Minnesota. Is this subject to tax?
A. No
@. loaned John Doe $4,000 in
1886. In 1887 this loan was determined
to be uncollectible and a total loss. Is
this loss subject to the limitation pro-
vision in Section 20 (b) of 100000 or
is the entire loss deductible? My only
other income is a salary of 100000 and
had no other transactions of any
kind.
A. The entire amount of $5,000.00 is
deductible as it is not deemed to be a
loss from sale or exchange of a capital
asset.
@. My brother owns home upon
which I paid mortgage interest of $500
during 1887. Is this amount deductible
as interest paid on my return?
A. No.
@. Can I claim my divorced wife as
a dependent?
A. No.
@. I am divorced from my wife but
have been ordered by the courts to con-
tribute the entire support of my
children who are living with my di-
vorced wife. Can I claim those child
rem as my dependentsa
A. Yes.
@. During the year 1887 1 received
a salary of $3,O000O dividends upon
which the stock was in my name of
$500, interest on bonds which are regis
tered in my name of $780, May split
any portion of this and report it as in
come of my wife and each of us file a
separate return?
A. No.
@. Is there any penalty if I am late
in paying my income taxes?
A. Yes. 1919 of the tax due plus in
terest at the rate of so per annum on
the balance remaining unpaid.
@. I am an unmarried individual.
My salary in 1887 was 81 $4,000. 1 had
no other income. During the year I
paid Federal Income Taxes of $1,000,
real estate taxes of $4,000; fees to sur
geon, $500, and hospital bills, $4,000.
Do have to pay any state income tax?
A. No.
@. I am a taxpayer living in Min
nesota. I would like to examine the
income tax returns of several persons
living in my neighborhood Can I OBJ
tain permission to do so?
A. No. Section Sc of the Act pro-
vides in part as follows:
(a) 1t shall be unlawful for the COM
mission or any other public official or