Page 8 February 1, 2018 TORRANCE TRIBUNE
Bigger Checks from page 2
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Brady from page 5
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new withholding tables work with the Forms
W-4 that workers have already filed with their
employers to claim withholding allowances.
This will minimize burden on taxpayers and
employers,” the IRS said.
The tax code changes took effect on Jan. 1,
just days after the House and Senate approved
the biggest tax reform legislation in decades.
Companies since have announced bonuses for
employees because Congress did away with
the previous corporate tax rates and created a
new rate of 21 percent.
Several airlines are among the employers
who are passing along the corporate tax cuts.
Alaska, American and Southwest Airlines all
pledged $1,000 bonuses to their employees.
Alaska went a step further and offered $118
million in incentive bonuses to its 23,000
Other companies and entities that do business
in the South Bay that have promised tax
cut bonuses include:
• Bank of America: $1,000 bonuses to about
145,000 of its workforce.
• FedEx: $200 million in raises, about
two-thirds of which will go to hourly
team members. The delivery service giant
also plans to contribute $1.5 billion to its
• Home Depot: Gave one-time cash bonuses
of $1,000 for hourly associates before Jan. 1.
• Honeywell: Increased the 401(k) match
for employees in the U.S., Canada and
Financial institutions and banks, including
Wells Fargo and Washington Federal, raised staff
salaries and bumped the company minimum
wage to $15, using the corporate tax savings.
Verizon gave employees, excluding its top
management, 50 shares of the telecom company’s
restricted stock. Apple was even more
generous, handing out $2,500 in stock to most
of its employees.
Not everyone will enjoy a tax reduction
under the new law. While most taxpayers will
pay less, some taxpayers will pay a slightly
higher tax rate for 2018, according to Executive
Director Kathy Pickering with The Tax
Institute. High-earners with a marginal tax
rate of 35 percent (up from 33 percent) will
be most affected.
Even if you didn’t receive a celebratory bonus,
the IRS said that 70 percent of taxpayers
are expecting refunds this year. The tax season
opened Monday and runs Jan. 29 through
Tuesday, April 17. The filing period is five days
shorter than last year, putting added pressure on
tax preparers and self-filers to make the deadline.
The IRS says 90 percent of refunds are issued
in under 21 days, but to expect delays with
returns that claim the Earned Income or Additional
Child Tax Credits. The Earned Income
Tax Credit is for working people with low to
moderate income. To qualify for this refund,
you must file a tax return, even if you do not
owe any tax. According to the agency, “The
IRS expects the earliest EITC/ACTC related
refunds to be available in taxpayer bank accounts
or on debit cards starting on Feb. 27,
2018, if they chose direct deposit and there are
no other issues with the tax return.”
For the second consecutive year, April 15
falls on a weekend -- so the tax return filing
deadline falls two days later on a Tuesday. •
the NFL for 17 years now. In the most important
game of the year, even Patriots detractors
feel as though the ending is predetermined.
The only thing that can seemingly take him
down is a remarkable helmet catch or maybe
just Eli Manning himself. Fortunately for
Brady, Eli’s not suiting up in Minnesota this
week. No matter what the score of the game
or how much time left on the clock, Brady
consistently finds a way to win. Just ask the
Atlanta Falcons. Twenty-five points wasn’t
a big enough cushion in the second half of
play. Unless they have a miraculous play to
draw up in the huddle, Philadelphia certainly
has its hands full come game day.
Yes, Tom Brady and the Patriots are going
to the Super Bowl again. You’ve heard
it before and quite frankly, it’s getting
rather disgusting to talk about year in and
year out. But just as the Patriots have worn
down fans of the NFL, they have also worn
down their opponents. The Philadelphia Eagles
are next to face off against Belichick and
Brady in a championship game. That coach
and quarterback are certainly no stranger
to big games. That reason alone gives the
initial advantage to New England, no matter
the eventual outcome of the game on
– Aserrao6@yahoo.com •
and final quarter of play. The Spartan
defense, on the other hand, allowed 19
points in the third quarter in a game that got
away from them late. Leuzinger senior
Machari Johnson led the way on the night
with game-high totals of 17 points and
The loss is the second in the last two
weeks for South against opponents above
it in the Pioneer League standings – the
other defeat was at the hands of the West
High Warriors. Senior Kelly Hussey scored
11 in a 65-26 loss to West. The Spartans
(10-10, 2-3) will have to finish out their
schedule strong with upcoming games against
the Warriors and the Centennial Apaches if
Hussey, Hannah Mason or the rest of the
South roster wants a shot at advancing to
this year’s playoffs.
After opening up this year’s league play
schedule with a dominant 30-point victory over
the Centennial Apaches, Torrance head coach
Rick Momohara seems to now be watching
his team fall apart down the stretch run of
the regular season. A 59-27 loss last week
at the hands of the West High Warriors was
the Tartars’ third straight league setback in
a row. Matchups against Leuzinger, North
and West will round out the schedule for
Torrance. Momohara will certainly need
much more offensive firepower from seniors
like Ciara Quizon and Jami Chung, to name
a few, if the Tartars (9-10, 1-3) are going
to try to improve upon their current fourth
place standing by the time the regular season
comes to a close.
– Aserrao6@yahoo.com •
Affairs Division Commander. He was promoted
to Captain in January 2016, where he served
as the Administrative Bureau Commander,
and promoted to Deputy Chief of Police in
January 2018, where he continues to command
the Administrative Bureau. Deputy Chief
Megeff has a Bachelor of Science degree in
Criminology from Fresno State University
and a Master of Science degree in Emergency
Services Administration from California State
University Long Beach.
– Source: Torrance PD •
contentment the greatest wealth,
faithfulness the best relationship.”