Harper, Inc. is incorporated in State 1 but also has offices in States 2, 3, and 4. All four states use the Uniform Division of Income for Tax Purposes Act (UDITPA) three-factor formula for determining the state apportionment percentage. Based on the following financial information, what percentages of Harper’s income should be apportioned to States 1 and 2? Round to the nearest whole percentage. Please show your calculations at how you arrived at your answer.

Apply workers’ compensation management regulations and concepts to the following workplace scenario: You are a newly hired environmental safety and health professional for a midsized manufacturer of widgets. You currently have three manufacturing facilities in three separate, but geographically close states. Because of unprecedented growth in the widgets market, your company decides to build another factory. One out of the hundreds of indicators the executive staff is looking for is which one of their current states they operate is most employer friendly. In other words, which state treats employers and employees the same when it comes to regulatory requirements? Complete a research paper that compares and contrasts the differences between the Oregon state and two other adjacent states. In your paper, you should

discuss the differences and similarities between workers’ rights in the three different states (e.g., definition of employee, wages paid, weeks of temporary disability, etc.),

· identify and explain the commonalities in the fundamental laws of the workers’ compensation system in the three states, interpret the resources that are available for employers in each state (e.g., monthly courses taught, written guidance, employer rights, etc.),

discuss the types of coverage available to employees in each state, and

argue which state is more employer friendly from an employer’s perspective when it comes to administering a workers’ compensation program.

Be sure to use the tools provided by the U.S. Department of Labor, Division of Federal Employees’ Compensation (DFEC) web page. The webpage is located at https://www.dol.gov/owcp/dfec/regs/compliance/wc.htm. This page provides a link to the workers’ compensation board for each of the 50 states as well as the U.S. Virgin Islands, Guam, and Puerto Rico. In addition to this resource, you should use a minimum of two other sources. All information from these sources must be cited in APA style.

In 2020, Melinda is a resident of Quebec and earns a gross salary of $100,000 from Bombardier. In her investment portfolio she sold 1,000 of her Spotify shares for $15,000 (she had originally purchased 2,000 shares a few years back for $8,000). She also received taxable dividends of $15,000 (eligible dividends). On October 1, 2020, Melinda made a Registered Retirement Savings Plan (RRSP) contribution of $10,500 which she will claim on her 2020 tax return. On the same day, she also made a contribution to her Tax-Free Savings Account (TFSA) for $2,000. Which statement is false?

a.Melinda’s dividends have been grossed-up and are eligible for a dividend tax credit on the $15,000 Melinda has capital gain of $7,000

b.Melinda has a taxable capital gain of $5,500

c.Melinda’s total income is $120,500

d.Melinda’s taxable income is $110,000

On June 30, 2020, Ivanhoe Company issued $3,420,000 face value of 16%, 20-year bonds at $4,449,160, a yield of 12%. Ivanhoe uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31.

(a)

Prepare the journal entries to record the following transactions. (Round answer to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Swifty Corp. owes $269,000 to Nash Trust. The debt is a 10-year, 12% note due December 31, 2020. Because Swifty Corp. is in financial trouble, Nash Trust agrees to extend the maturity date to December 31, 2022, reduce the principal to $215,000, and reduce the interest rate to 7%, payable annually on December 31.

(Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

SweetFish Corp. issued bonds with a par value of $875,000 and a five-year life on May 1, 2020. The contract interest rate is 7.00%. The bonds pay interest on October 31 and April 30. They were issued at a price of $839,515 when the market interest rate was 8.00%. SweetFish Corp.’s year-end is December 31.

a. Prepare an amortization table for these bonds that covers their entire life. Use the effective interest method of allocating interest. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.)

b. Prepare the journal entries that the issuer would make to record the entries on October 31, 2020; December 31, 2020; and April 30, 2021. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.)

On January 1, 2020, Ivanhoe Company has the following defined benefit pension plan balances.

The interest (settlement) rate applicable to the plan is 10%. On January 1, 2021, the company amends its pension agreement so that prior service costs of $506,000 are created. Other data related to the pension plan are as follows.

1.Prepare a pension worksheet for the pension plan for 2020 and 2021. (Enter all amounts as positive.)

2. For 2021, prepare the journal entry to record pension-related amounts

Culver Company sells 8% bonds having a maturity value of $1,500,000 for $1,386,275. The bonds are dated January 1, 2020, and mature January 1, 2025. Interest is payable annually on January 1.

1.Determine the effective-interest rate. (Round answer to 0 decimal places, e.g. 18%.)

The effective-interest rate _______%

2.Set up a schedule of interest expense and discount amortization under the effective-interest method. (Round intermediate calculations to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 38,548.)