3 ms·
You aren't clear with what I supposedly "misunderstood." The entire grant was $650k. 55%, or $357k were used for indirect costs. I don't know how you multipl
by toomim 2y ago
You aren't clear with what I supposedly "misunderstood."
The entire grant was $650k. 55%, or $357k were used for indirect costs. I don't know how you multiplied 650 * .55 and got 230, or why you're thinking about a $1M grant.
- pmags 2y agoThat's not how indirects are calculated. Assuming the entire award was subject to the 55% indirect rate (not always true), and the total award was $650K, then the direct award amount was about $420K and the indirect amount was ~$230K. $420K direct $420K * 0.55 = ~$230K indirect Total: $650K