> No it does mean the overhead is 280% if defined the same way as the university (overhead is calculated as percentage of non-overhead costs, not overall costs).
But he said:
> That is my billing rate to the government is 2.8 times my hourly rate as determined by my salary.
Doesn't that mean that the government pays a total of 2.8x his salary, so overhead would be 180% (+100% salary = 280% total)? Or what mistake did I make here?
But he said:
> That is my billing rate to the government is 2.8 times my hourly rate as determined by my salary.
Doesn't that mean that the government pays a total of 2.8x his salary, so overhead would be 180% (+100% salary = 280% total)? Or what mistake did I make here?