Creator:
Date Created:
Place Created:
Keywords:H. TRACY HALL,PROVO,UTAH,August 5, 1974
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H. TRACY HALL, INCORPORATED
PROVO,UTAH
August 5, 1974
Dear Stockholders:
As of today, August 5, 1974, I estimate HTH Inc. earnings for the fiscal year ending August 31, 1974 to be $54,683.00 If this is correct, the "Subchapter S" earnings due stockholders would be as follows:
STOCKHOLDER	SHARES	%	EARNINGS	EARNINGS TO BE PAID
HTH	6750	27	$14764.	$13500.
IRH	6000	24	13124.	12000.
S & D	1750	7	3828.	3500.
T Jr. & "	"	"	"	
D & K	"	"	"	"
E & M	"	"	"	"
V	"	"	"	"
C	"	"	"	"
N	"	"	"	"
Totals	25000	100	$54683.	$50000.
We will retain $4,683. of earnings in the company to help with next year's operations. Additional capital needed will be borrowed.
You will owe tithing and taxes on $3828. Also, I would be happy to receive your check for $1750. on your notes. I will forgive the $248.65 interest due (22 mo. @ 7 3/4 simple) on each note.
We will not know our earnings exactly until Elmer Fox and Company completes our corporation income tax return. (Probably Oct. 1st).
Hoping our figures are correct, we are enclosing each of your checks for $3500.
Love to all
H. Tracy Hall