Your next step is to calculate the operating expenses for the housekeeping department. The total annual revenue serves as a baseline for calculating the hotel's expenses. Expenses are budgeted based on a percentage of the total annual revenue. Payroll and related expenses account for 17.8% of the total annual revenue. How much money (in dollars) should be budgeted for payroll and related expenses? Follow these steps to work through this calculation: - Total annual revenue x 17.8 + 100 = Budget for payroll and related expenses