Word: a-year
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...Bite. Most taxpayers will begin to feel the measure's impact by mid-July. Because the increase for individuals is retroactive only to April 1, the increased bite for 1968 will really amount to 7½% (example: the $10,000-a-year man with wife and two children who paid $1,100 in taxes last year will pay an added $83.25 in 1968). Corporations, liable for the increase as of last Jan. 1, will pay the full additional 10% in taxes. Though the surcharge is supposed to run to next June 30, nobody would be surprised if it were...
...match President Byron Jay's own express checkout. Three weeks ago, only 13 months before reaching A. & P.'s mandatory retirement age of 65, Jay ended a 41-year, up-from-clerk career with the nation's biggest food chain by 1) chucking the $151,000-a-year job he had held since 1964 and 2) packing himself off to deep seclusion...
...behind." In his spare time, he wrote a guide to collegiate summer jobs, then at a cost of $150 printed up posters advertising "high-paying, fun-filled positions" and distributed them on four Wisconsin campuses. So many orders poured in the first week that Randell quit his $12,500-a-year job and went into business for himself. The $2.95 guide has since turned into N.S.M.C.'s mainstay product; last year Randell sold 100,000 copies in three editions and recently Doubleday & Co. brought out a fourth for bookstore sale. The company also operates one of the nation...
Called the Central Certificate Service, the $8,000,000-a-year system will act as a clearinghouse for transactions involving stocks held in "Street name" -those that investors leave with their brokers rather than hold in their own names. Although no more than 15% of all stock certificates are kept in Street name, these account for 70% of all Big Board trading. Under the new arrangement, they will no longer have to be counted, sorted and delivered by hand, but will be held by the exchange...
Currently, that direction points toward $10 billion annual sales in 1970, a goal that will be easily exceeded if the company maintains its current a-year growth rate. Wood's own ideas are still generating much of that impressive growth. Simple expansion, which he daringly pressed after World War II when competitors were fearfully holding back, is one factor: Sears's $190 million expansion plans for this year include 35 new stores, nine of them in Eastern states where sales have jumped by 63% since 1962. Another still-blossoming Wood notion is insurance. Sears's Allstate subsidiary...