Word: refundability
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...increase in next year's Coop patronage refund is most unlikely, according to John G. Morrill, general manager...
Morrill yesterday expressed the opinion that "there won't and shouldn't be an increase" in the refund payable next October. He pointed out that the Society is still paying for the expansion completed in 1957, and noted that net profit totaled only $5,000 after the payment of $372,000 in patronage refunds this month...
...three regional boards will stick. For example, in Boeing's case, a regional board ruled that the company had not made excessive profits on its defense work. Shortly after, the statutory board in Washington reviewed the case, decided that Boeing owed the Government a refund on $10 million in excessive profits, or approximately 20% of its pre-tax earnings in 1952. To make things worse, it takes up to 3½ years before profits are audited and a decision reached. Thus no company can confidently pay out funds for either dividends or new research-the money might be called...
INCOME-TAX REFUNDS will go to an estimated 35 million of the 60 million U.S. payers this year. Treasury plans to kick back about $3.6 billion in overpayments. Average refund: about...
...letters he has been receiving: 1) "In accordance with instructions, I have given birth to twins in the enclosed envelope"; 2) "I'm forwarding my marriage certificate and my six children"; 3) "I am happy to report that my husband is dead"; 4) "Unless I get my refund money very soon, I will be forced to lead an immortal life"; 5) "You changed my boy to a girl-will this make any difference...