The Gross Rate is calculated by dividing the Billed Dollars by the Original Hours Billed. The Net Rate is calculated by dividing the Net Value (Billed Value less Write Offs and Credits) by the Original Hours Billed.
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The Gross Rate is calculated by dividing the Billed Dollars by the Original Hours Billed. The Net Rate is calculated by dividing the Net Value (Billed Value less Write Offs and Credits) by the Original Hours Billed.