§ 548.403. Description of method of calculation.
79 words·~1 min read·
/us/cfr/t29/s§ 548.403·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The established basic rate for which approval will be sought will normally be a formula or method of calculation of a rate rather than a specific dollars and cents rates. 20 The application should contain a complete description of the formula or method of calculation of the established basic rate, including any necessary examples which will enable the Administrator to understand how the rate will be computed and applied. 20 See § 548.200. \[20 FR 5683, Aug. 6, 1955\]