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Indirect costs are costs that are not directly accountable to a cost object (such as a particular project, facility, function or product). Like direct costs, indirect costs may be either fixed or variable.
Most TSP loan borrowers will incur indirect costs in the form of sacrificed earnings because the money you borrow for your loan won’t have a chance to accrue interest.
The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. [1] [2] Proceeds from the tax partly support the Highway Trust Fund. The federal tax was last raised on October 1, 1993, and is not indexed to inflation, which increased 111% from Oct. 1993 until Dec. 2023. On average, as of April 2019, state and local taxes and fees add 34.24 ...
This section categorizes costs incurred as a result of expenses, services, operations and the depreciation of those costs. Determination and application of F&A cost rate (s) All F&A costs must be determined and negotiated pertaining to the scope of the project, and there are limitations and procedures outlined for the accounting of these cost ...
OMB A-133 Compliance Supplement The OMB A-133 Compliance Supplement is a large and extensive United States federal government guide created by the Office of Management and Budget (OMB) and used in auditing federal assistance and federal grant programs, as well as their respective recipients. It is considered to be the most important tool of an auditor for a Single Audit .
In addition, federal and many state individual income tax rate schedules differ based on the individual's filing status. For example, the income level at which each rate starts generally is higher ( i.e., tax is lower) for married couples filing a joint return or single individuals filing as head of household.
The estimated costs of the known-unknowns is referred to by cost estimators as cost contingency . Contingency "refers to costs that will probably occur based on past experience, but with some uncertainty regarding the amount. The term is not used as a catchall to cover ignorance. It is poor engineering and poor philosophy to make second-rate ...
Activity-based costing ( ABC) is a costing method that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption by each. Therefore, this model assigns more indirect costs ( overhead) into direct costs compared to conventional costing.