Jane Maxwell Is a Financial Planner at Trifle Consulting

Jane Maxwell is a financial planner at Trifle Consulting. Jane's annual salary (including on-costs) is $100 000. It is estimated she works 37 hours a week and 45 weeks per year (the other weeks relate to annual leave and public holidays) . She also spends 100 hours a year on non-client related work, including administrative duties (30 hours) , attending training (60 hours) and idle time (10 hours) . To cover both overhead costs and profit, Trifle Consulting requires a margin of 30 per cent of labour cost when calculating billable rate. What is Jane's chargeout rate per billable hour (rounded to nearest dollar) ?

A) $83
B) $78
C) $64
D) $60

Correct Answer:

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