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THE REVERE ADVOCATE – THURSDAY, DECEMBER 31, 2020 FOOD | FROM Page 1 Page 13 1. What fi ctional intelligence offi cer has had champagne over 35 times in fi lms? 2. What does Auld Lang Syne mean? 3. From its start on Jan. 1, 1801, what event was held at the White House until 1932? 4. For the first time, what kind of water sport will appear at the Tokyo 2024 Summer Olympics? 5. On Jan. 2, 1975, a winter destination of monarch butterfl ies was discovered to be in what country? 6. Nathaniel Currier, an 1800’s Roxbury, Mass., native and part of Currier & Ives, was a professional what? 7. What is the Nepalese word for snow bear – also known as abominable snowman of the Himalayas? 8. What did the “nog” in eggnog come from? 9. On Jan. 3, 1959, what became a U.S. state? 10. How are green, blue, black diamond and double black diamond similar? 11. On Jan. 4, 1639, what Frenchman was baptized who later became known for champagne? 12. What person known as “The First American” said, “Be at war with your vices, at peace with your neighbors, and let every new year fi nd you a better man”? 13. On Jan. 5, 1914, “Whipped Cream King” Aaron “Bunny” Lapin was born; he invented what spray can product? 14. In the South, Hoppin’ John is a traditional dish for New Year’s; what are its main ingredients? 15. How does the Japanese macaque (snow monkey) often keep warm? 16. “Rock Around the Clock” was a 1954 #1 single for what band? 17. On Jan. 6, 1954, The New York Times reported that a Swanson frozen turkey dinner would soon be locally available for what price: 50¢, $1 or $3? 18. In Scandinavia and Germany, traditional New Year’s candy shaped like a pig is made of what? 19. The Oxford English Dictionary has how many variant spellings of Hanukkah: 3, 11 or 24? 20. Radioactive dating is used for what? ANSWERS families,” said Cole. “As of now, students will receive a week’s worth of meals, which are distributed twice per week, Tuesdays and Fridays, at all the elementary schools with distribution times from 10:30 a.m. to 1 p.m.” Building a meals program in the current situation can be challenging, Cole said. “We’re serving multiple days of meals, and we are no longer in a cafeteria environment,” said Cole. “It can be diffi cult to make the meals appealing, but we are continuing to adapt our menus and are keeping students engaged by developing family-style meals that work out better.” The district has always focused on providing fresh fruits and vegetables as part of its menu, and Cole said the food services department is continuing to do that, even with the changed distribution model. While the food services budget did take a slight hit in the spring, Cole said, it is now back on track to have all expenses covered by federal reimbursements. “We are in a position now where we are running in the black, even though it is not a huge amount,” said Cole. “In years past, what we tried to do with the meals program was run it so we could continue to invest in our program with equipment upgrades. What we are trying to do this year is just to provide the essential service to the community members and to be able to pay the bills, and we have reached that point.” The department is also taking steps to make sure it is ready when there is a return to in-person learning and school meals. Solutions for potential staggered student schedules include various distribution locations, grab and go meals, hallway kiosks, mobile carts, and reduced capacity, staggered cafe service. For full attendance with no limitations, some of the food services solutions include an open cafe with limited high-contact areas, such as salad bars, self-service areas, and condiment areas. Superintendent of Schools Dr. Dianne Kelly was among those who praised Cole and her staff for their performance during the pandemic. Kelly was critical about a recent Boston Globe article that was critical of the Revere food services program. “It was really disappointing to read,” said Kelly. “It was very biased and one person’s opinion. Our food service workers have done yeoman’s work since the pandemic started; we closed the schools on a Friday and they started their grab and go meals that Monday. They have pivoted all along the way with the help of many volunteers. We are very proud of them and very fortunate that they are part of our team.” DEDUCTIBILITY OF THE PAYCHECK PROTECTION PROGRAM EXPENDITURES T he Consolidated Appropriations Act, 2021 provides for the deductibility for the expenditures paid for with the Paycheck Protection Program (PPP) loan proceeds. This Act just passed both houses of Congress on December 21, 2020. President Donald J. Trump signed it into law on December 27, 2020. This reverses the Internal Revenue Service’s recent revenue rulings stating that the expenditures would not be deductible as the proceeds of the PPP loan represented taxexempt income. This is truly having your cake and eat it too. Not only do businesses now not have to report the loan forgiveness as income, they now have the ability to deduct all of the expenditures. It’s a big win for businesses that have suff ered so much as a result of the Corona Virus. The COVID-Related Tax Relief Act of 2020 (COVIDTRA), Section 276(a)(1) codifies the deductibility of the expenditures paid for with the PPP loan proceeds. COVIDTRA also provides that the tax basis and other attributes of the business’ assets will not be reduced as a result of the PPP loan forgiveness. COVIDTRA also provides for the direct payments to individual taxpayers called “recovery rebates”. As of this writing, Senate Majority Leader Mitch McConnell has blocked the increase from the $600 stimulus check to a $2,000 stimulus check. Section 307 of Title III, Continuing the PPP and Other Small Business Support in the Consolidated Appropriations Act states that if a PPP loan is not more than $150,000, it will be forgiven if the eligible recipient submits a certifi cation to the lender with the following information: 1. A description of the number of employees that were retained due to the PPP loan 2. The estimated amount of the PPP loan that was spent on payroll costs 3. The total loan amount No other documentation will need to be provided to the lender. The PPP forgiveness amount also does not have to be reduced by any Economic Injury Disaster Loan advance. Joseph D. Cataldo is an Estate Planning/Elder Law Attorney, Certifi ed Public Accountant, Certifi ed Financial Planner, AICPA Personal Financial Specialist and holds a Master’s Degree in Taxation. 1. James Bond 2. Old long ago or the good old times 3. A public New Year’s Reception 4. Surfi ng 5. Mexico 6. Lithographer 7. Yeti 8. Noggin – a small wooden mug 9. Alaska 10. They are grades of ski runs, from easiest to most diffi cult. 11. Dom Pierre Pérignon 12. Benjamin Franklin 13. Reddi-Wip 14. Black-eyed peas, rice and bacon or salt pork 15. Soaking in natural hot springs 16. “Bill Haley & His Comets” 17. $1 18. Marzipan 19. 24 20. To determine the age of rocks (January 7 is annual Old Rock Day)

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