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.
Although there was an attempt to completely repeal the federal estate tax which applies to the transfer of assets at an individualâs death, the new law retains the estate tax. However, the exemption (the amount that can pass free of federal estate tax at a personâs death) is doubled.