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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: Scrapps who wrote (10633)	12/13/1997 6:39:00 AM
From: Glenn D. Rudolph	Respond to of 22053

Stocks prices climb Seoul United Press International - December 12, 1997 22:22 %FINANCIAL %STKS %KOREA V%UPI P%UPI SEOUL, Dec. 13 (UPI) - Prices on the Korea Stock Exchange have risen on buying spurred by rumors the government plans to postpone expiration of current corporate loans by two months to prevent further bankruptcies resulting from liquidity shortage. I.S. Park of Ssangyong Securities Co. Ltd. in Seoul said domestic investors aggressively purchased banking shares on rumors of raising the domestic ownership limit of banking shares from 4 percent. The composite Korea Stock Price Index (KOSPI) Saturday is up 9.14 points - 2.61 percent - to 359.82 points, after falling 26.69 points Friday. Dealers reported 160 shares hit limit up while 420 struck limit down, referring to an 8- percent limit on intraday price fluctuations. On the week the KOSPI fell 75.91 points, or 17. 42 percent. The market traded in a wide range of 20.23 points from an early low of 344.73 to a high of 364.96. Casey Choi of W.I. Carr Ltd. in Seoul said investors purchased corporate bonds of large conglomerates, boosting the benchmark three-year corporate bond yield 0.82 percent to 25.50 percent. SK Telecom was down 31,500 to 389,000 Korean won, Samsung Electronics up 2,100 to 42,700, Pohang Iron and Steel (POSCO) up 3, 600 to 50,000, Hyundai Motors up 1,100 to 18, 100, Korea Electric Power Corp. (KEPCO) up 1,000 to 14,500, Daewoo Securities up 530 to 7, 220, Korean Air up 530 to 7,250, and Chohung Bank up 240 to 3,340. Trading volume for the half day was heavy at 69.17 million shares, compared to 43.94 million traded for the full-day session Friday. Trading value of $219.06 million (380.64 billion won) compared to $186.47 million (320.69 billion won). Losers topped winners 543 to 322 with 44 shares unchanged. -- Copyright 1997 by United Press International. All rights reserved. --

To: Scrapps who wrote (10633)	12/13/1997 1:11:00 PM
From: Dwight E. Karlsen	Read Replies (3) \| Respond to of 22053

Re You can also bundle expenses that fall under the "miscellaneous" category if they total more than 2 percent of your adjusted income, Di Re said. These include unreimbursed employee business expenses, investment expenses, and tax preparation fees. This statement could use some clarification. You can only deduct that portion that exceeds 2% of your adjusted gross income. "This means you figure your deduction by subtracting 2% of your adjusted gross income (AGI) from the total amount of these expenses." - IRS Pub. 529. Example: Let's say your AGI is $40,000. The threshold at which your expenses would begin to be deductible is $800 (40,000 x .02). These "Job Expenses and Most Other Misc Deductions" are reported on lines 20 thru 26 of Sched. A - Itemized Deductions. Thus, if your expenses in this section are $850, the deductible amount is $50 ($850-800). If you are in the 28% bracket, your actual $$$ tax savings is.....are you ready???......$14. -VBG- Before you decide to put your tax preparer through the paces of claiming investment (or other) expenses, excercise a little common sense. Figure what your 2% threshold is, and if off the top of your head you know your investment expenses aren't going to exceed the threshold at all or by only a small amount, then don't waste time, effort, and money proceeding. DK