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For example: EXPENSES (Fixed) Owner s Salary Staff Salaries Other Pay and Benefits Advertising and Marketing Administrative Fees Legal and Professional Rent Utilities Insurance Travel and Entertainment Dues and Subscriptions Contributions Interest Paid Supplies Debt Service, Short-Term Debt Service, Long-Term Other Fixed Expenses TOTAL EXPENSES (Operating) As of Sales Fourth, calculate your expected Percentage Net Margin by subtracting the Percentage Fixed Margin from the Percent Gross Margin.