That'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

That'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