As a new entrepreneur, anthony's magic number for 2013 is $42,000. if the current tax rate for his business is 30 percent, calculate the amount that anthony's firm would need to sell for him to get his magic number.
Assuming that everything Anthony sells is profit and subject to tax; Anthony will need to sell $60,000. Since he will lose $16,000 (30%) to tax, he will be at his magic number of $42,000.
