The charge-out rate is and expression of fee earnings in terms of Rand per R1000. of average total package earned, calculated as follows: charge-out rate = [overhead factor x mark-up / utilisation rate] / [available hours / 1000] A summary of the hourly fee rates for consultants is set out in Annex One.
For example, someone collecting from a deceased personâs 401(k) or traditional IRA would have a deduction of the federal estate tax on that portion of the decedentâs assets, recovered over time in the year the income was received.
If you leave everything to your spouse, for example, it will all pass tax-free. Other deductions (funeral expenses and experts' fees, for example) are also subtracted from the gross estate to arrive at the taxable estate; if the taxable estate is under $1 million, no Massachusetts estate tax will be due.