2000 or 2080 Hours Per Year
I was wondering when doing problems regarding chargeable hours, chargeable rate, direct salary, etc. - Are you suppose to use 2000 or 2080 hours per year? My colleagues and I have been trying to figure out which is the appropriate number to use since we have seen both used in different example problems.
I always assumed you were suppose to use 2080 since this number is accounting for holiday/vacation time which is included in indirect salary and base salary. If it is not, can someone explain why you would use 2000?
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