Understanding the difference between direct costs and indirect costs is crucial for anyone running a business. This knowledge helps in accurately tracking expenses, setting prices, and maximizing tax ...

Knowing the difference between direct and indirect costs is important for pricing, taxes, and financial health. See how these expenses differ and why it matters.

Definition of Cost of Labor. The cost of labor is the amount of employee wages and benefits, plus payroll taxes paid by an employer. The cost of labor can be broken into direct and indirect costs.

Harvard’s indirect cost rate — the percent of federal funding that covers administrative costs of research — is currently 69 percent, the largest of any Ivy League school.

That doesn’t mean that 59% of NSF grants awarded to MIT scientists go toward the university’s indirect costs.

But scientists at various institutions of research and higher education were quick to point out that cutting indirect costs could be detrimental to research studies because it would mean slashing ...

These items are not included as indirect costs, but it could still mean a large loss in revenue for St. Jude. Over the past five years, St. Jude has annually received over $100 million from the NIH.

One size fits none. Among institutions receiving NIH funding, indirect-costs rates differ and vary widely—from about 20% to over 75%. These rates are negotiated with the federal government and are ...

The policy, currently blocked by a federal court, would limit NIH research funding for "indirect costs," or overhead expenses, to 15%, which is far below what some institutions receive.