Ed owned and used his home in kentucky as his principal residence for 15 years. he moved to another state in the 16th year and rented the kentucky home. two years later he sold the kentucky home. ed's brother, fred, had two houses. fred owned and used his home in tennessee as his principal residence for 10 years. he had another home in florida. in the 11th year, he moved into his florida home. he resided there for 3 years and then sold the florida home. which of the brothers has "nonqualified use" of his principal residence that will reduce the exclusion on the gain on a sale of a personal residence?

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities.required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.