Ask Question
19 March, 20:14

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.

+4
Answers (1)
  1. 19 March, 23:23
    0
    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.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “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 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers