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 a decedent has sufficient assets that are not offset by deductions, his or her estate will be subject to the federal estate tax. The federal estate tax is generally due on estates that exceed a certain threshold known as the applicable exclusion. The applicable exclusion is $2,000,000 for 2006, 2009, and 2008.