Budget Example with Salary, Fringe, and Indirect

PI Salary $10,000
Student Salary $2,000

PI Fringe $10,000 x 36 = $3,600
Student Fringe $2,000 x 3.5% = $70

Indirect $12,000 x 48% = $5,760

TOTAL $21,430

Rates frequently change. You should always confirm all rates with the Research and Sponsored Programs Office. When completing the actual budget forms, please contact the Research & Sponsored Programs Office for the precise calculations.

Exclusions

The following items are often considered personnel costs, however, when using the negotiated rate of 48%, don't compute fringe and indirect costs on:

Consultant fees
Honorariums
Stipends