use the table of annual expenses to calculate the category expense contribution for payroll.\npayroll…

use the table of annual expenses to calculate the category expense contribution for payroll.\npayroll $282,564\nadvertising $6,498\nraw materials $174,623\nrent $47,968\ninsurance $5,137\nutilities $11,690\nservices $7,600\nround to the nearest whole percent.

use the table of annual expenses to calculate the category expense contribution for payroll.\npayroll $282,564\nadvertising $6,498\nraw materials $174,623\nrent $47,968\ninsurance $5,137\nutilities $11,690\nservices $7,600\nround to the nearest whole percent.

Answer

Explanation:

Step1: Calculate total annual expenses

Sum all expense categories:
$$282,564 + 6,498 + 174,623 + 47,968 + 5,137 + 11,690 + 7,600$$

Step2: Compute payroll contribution percentage

Use formula:
$$\left(\frac{\text{Payroll Expense}}{\text{Total Expenses}} \times 100\right)%$$
Round to nearest whole percent.

Answer:

60%