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Pelham - Windham News
12 - February 5, 2010
nullindnullm GirlsnullBasketball
onull nullbanonnull
heat
food/
clothing
Maintaining Your
entertainment
savings
taxes
Piece of the Pie
51 Lake St, Nashua by nullris nullite which allowed them to break
shelter
www.joycecool.com
The inaugural nullindham girls’ the game open by halftime,
sales@joycecool.com
basketball team continued its nullnull.
LENNOX
Sales: Service:
The Tax Rate Schedule
success at the junior varsity level nullur presses were working
W.F.Boutin EA - Total Tax Solutions LLC
TM
603-882-4244 603-889-1991
great,null indham coach nulloe
Keep Warm This Winter!
nullncinelli said. nulle were Last week, we left off at the calculation of our taxable income, and
able to get the trap, get into the
now we need to understand how tax is calculated from this number.
passing lane, and get steals for
ith this knoW wledge, we will have the foundation for explaining how
deductions, credits and various fringe benefits available to many
baskets.null
taxpayers can affect your individual situation.
Over 20 Years
FREE ESTIMATES
nullindham remained steady in
Experience
Fully Licensed There are several tax brackets established by the tax code being the
& Insured the second half, maintaining its 10%, 15%, 25%, 28%, 33%, and 35%. Each percentage has a
lead with its solid defense. The
“bracket” of income allocated to it, based upon a particular filing
Talbot Roofing & Contracting
nullags proved to be too much for
status. This table is known as the Tax Rate Schedule.
For instance, the 2009 tax rate schedule shows that the 10% tax
Lebanon to handle as they ran
bracket for a single individual is from $0 to $8350, whereas the 10%
Residential, Commercial & Condominium Roofing Solutions
away with a nullnulloint victory. tax bracket for a taxpayer who qualifies as a head of household is $0 to
nullrnadette nullnnors was the
$11,950.
Asphalt, Cedar & Composite Shingles • Rubber Roofs & Repairs
high scorer for nullindham
A single person, who has taxable income of $15,025, has a tax
Siding & Carpentry • Ice & Snow Removal
liability of $1836 taken from the tax tables. The first $8350 is taxed at
with null points, while nullhley
High Level of Workmanship & Service • Operating Year Round
10%; the balance of $6675 is taxed at 15%. The $1836 tax liability is
nullamson and nullanda Schiebel
12.22% of the $15,025 taxable income. This 12.22% is the mean of the
(603)755.1535 • Toll Free 1.888.755.1535 registered null points apiece. two percentage brackets (10% and 15%) used to calculate the tax.
nullte nullelsey Schiebel also added sinull
Based upon this schedule, a single person starts to pay 15 cents on
BobTalbot, Owner
www.TalbotRoofing.com
null
points in the win.
the dollar at $8350, .25 @ $33,950, .28 @ $82,250, .33 @ $171,550
and .35 @$372,950. ith this understanding, we can see that a W
Over 20
THE
Years
L
taxpayer may have gross income in a 25% tax bracket, but if they have
UXURY
FREE ESTIMATES
Fully Licensed
b
y Cnullis
Experience
enough deductions, they can lower their taxable income to a 15% tax
& Insured bracket.
OF A WARM HOME
Deductions that lower the gross income come in many forms.
nullotos
T
E
a
Adjustments allowed on the tax return to arrive at the AGI, lowers this
VER
lb
Y
o
R
t
OOM,
Ro
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o
VER
fi
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n
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g
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.
TM
& Contracting
Bernadette nullnnors waits for income which results in a lower AGI and lower taxable income. The
• Eliminate high heating bills!
the ball to come down after tinulling it
standard /itemized deduction and exemptions lower the taxable
• OverRe 85%sid enfficient.tial, Commercial & Condominium Roofing Solutions
away from a Lebanon nullayer
income but not the AGI. Various fringe benefits (Cafeteria or Section
• EPA Phase 2 qualified.
125 Plans) offered by employers allow a taxpayer to pay for certain
About
Asp
90% less
halt, Ce
emissions
dar & Co
Outdoor
mposit

e
W
S
ood
hin
Furnace
gles • Rubber Roofs & Repairs
last Thursday, nullanuary null, versus
benefits before taxes are withheld. This also lowers their earned income
than unqualified models.
Siding & Carpentry • Ice & Snow Removal reported on line 7, which consequently lowers the AGI and the taxable
Lebanon. nullaying on their
• Heat your
Hi

g
entire
h Le
home
vel o

f
along
Wor
with water
kmanshi
and
p &
more.
Service • Operating Year Round
income for that taxpayer. How much it saves any taxpayer is propor-
home court, the nullaguars grabbed tionate to where their taxable income would be without the benefit.
Parlees Pine Hil(603)755.15l Nur35 • Tseroll yFree 1.888.755.1535
an early lead and continued
(The single taxpayer in the example above saves .15 on every dollar
160 Pine Hill Rd, Chelmsford, MA
that they lower their taxable income of $15,025, until they would
978-250-5960
to pressure their opponent at
BobTalbot, Owner
www.TalbotRoofing.com
©2009 Central Boiler 2009E-04
lower it below $8350, when they would then start to save only .10 on
both ends of the nullor. The nullags
the dollar.)
persisted throughout the contest
Examples of fringe benefits offered by employers are health insurance,
Mimco Builders LLC
and cruised to an easy victory, life insurance, dependent care assistance, Health Savings Accounts for
nullnullnull
taxpayers who have eligible, high deductible health insurance policies,
and medical savings accounts for out of pocket medical expenses to
Commercial and Residential
nullindham held a nullnull
name a few. Usually these types of benefits not only save on federal
advantage in the second nullarter
and state taxes, but are not taxable income for Social Security/
• Additions when nullanda Schiebel came
Medicare with holding purposes as well, saving an additional 7.65%
• Second Floor Additions
off the bench to notch three
for the taxpayer. Money contributed to 401K or IRA plans are pre-tax
• Bathrooms/Kitchens
consecutive baskets within
for federal and state tax purposes only and are also a means of lowering
taxable income and AGI.
• Garages
a couple of minutes. The
Remember, a lower AGI on the tax return is comparable to the
senullence not only enullended
• Basements
benefits of lower cholesterol levels to the heart in most cases.
the nullaguar lead, but gave the Many of the tax deductions and tax credits allowed by the tax code,
For all your contracting needs call:
603- 578-1851
team momentum as well. The
including itemized deductions and personal exemptions, phase out for
enullanded lead also allowed
high income taxpayers. This phase-out range is calculated starting with
the AGI found on the tax return as we will discuss in the near future.
nullindham to be more aggressive
Therefore concentrating on lowering the AGI of high tax bracket
Ed Hurrell
Free Estimates in their fullnullourt defense. The taxpayers is of the utmost importance. Next week: Itemized Deductions
Pelham, NH
Fully Insured
nullaguars forced Lebanon’s guards
nullessa nullyer gathers
Have a tax question? E-mail taxquest@totaltxsolutions.com
into a number of turnovers,
before taking onullfor a laynullnull
TREE STUMPS AND
Pelnullm nulldoor Track Teams
SHRUBS GROUND OUT
GOOD WORK – GOOD RATES
Tnullive in nullrnullm
QUICK SERVICE
by nullris nullite
(603) 893-6902
On Sunday, the nullelham indoor track teams made the trip to
nulliversity of nullw nullmpshire in nullrham for a nullalifying meet
Before After
once again. The event was the
nullal competition in which the
nullthons participated before
BALANCE.
states. Therefore, it was the last
chance for nullelham’s athletes to
Just one of the reasons you’ll want to
nullalify for the big meet.
join our community.
nullith the window of
opportunity closing nullickly,
there were some new marks set
Understanding the physical, emotional
on the girls’ team. nullelsi Lynde
and medical needs of our residents.
ran a personal best of
Spognardi nullnullnullmetersnull Steve nullmmar ran a nullnull.null
Sit back, relax and enjoy a good book in the library. Exercise in
nullnullseconds to pick up third
and Lynde nullnull meters and null to place fourth in the nullnull
the fitness room, take a walk and enjoy the outdoors, or visit
place in the nullnulleter hurdles.
with family as you dine on exceptional cuisine. It’s all about
hurdlesnullhave nullalinulld for the meters. nullditionally, senior
finding the things YOU want to do.
nullr new time is believed to be
state meet in their respective nullm nullbidounullreturned from
the best ever by a nullthon in the
events. nullanwhile, nulllody a hamstring injury to sprint
Medication Management • 24-Hour Assistance • Transportation
event. null is also believed that
Delicious Menu Options • Housekeeping and Laundry Services
Long nullnullnullmetersnulland nullily to a time of nullnullseconds and
nulllody Long set a school record
Memory Care Apartments • Short-Term Stays Available
Long nullnull metersnulleach came a nullthnulllace nullish in the nullnull
for nullelham in the nullnull meters.
within tenths of a second of meter dash. null also placed
To schedule a tour, call Lynda Brislin
She placed second in the event
automatically nullalifying for nullst in the nullnullmeters, blowing
or visit www.terracecommunities.com
with a personal best of nullnull.null
states in theirs. nullthough the nullld away in a time of
nullso, nullily Long placed sinullh
they have only provisionally null seconds nullt. The mark is
in the nullnullmeters with a time
nullalinulld for the meet, there’s believed to be another nullelham
of null.nullseconds, while nullily
a good chance that they will school record.
Spognardi ran a time of nullnull.null
make it. nulllie Lyons and nullissy nullgochow is nullalinulld to
in the nullnull meters to place nullth.
Schelling also provisionally compete in the null hurdles at
3 Church Road • Windham, NH 03087 Spognardi, Lynde, and nullily and
nullalinulld in the nullnullmeters the state meet and nullbidounull
(603) 437-4600 nulllody Long all came together
and have a good chance of will compete in the nullnulland
to run the nullnullnullmeter relay at
advancing to the state meet. nullnullmeter events at states as
the end of the meet. The nullnullnull
nullor the boys’ team, nullke well. The state meet will take
relay team placed fourth overall
nullgochow ran a personal best place on Sunday as nullelham will
PREMIUM RATE
with a time of nullnull.null and
of nullnullseconds to place fourth look to nullish its indoor track
8 THIN & T
P
ALL
ROGRAM
filler (self promo)
nullalinulld to run at states.
in the nullnulleter hurdles, while season strong.
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