Reimbursement Formula:
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Definition: This calculator determines the reimbursement amount for moving packages based on the Government Constructed Cost (GCC) for fall 2023.
Purpose: It helps government employees and contractors calculate their entitled moving package reimbursement according to the 2023 policy.
The calculator uses the formula:
Where:
Explanation: The GCC is multiplied by 1.3 to determine the total reimbursement amount for moving expenses.
Details: Proper calculation ensures employees receive the correct reimbursement amount without overpayment or underpayment.
Tips: Enter the Government Constructed Cost (GCC) in dollars. The value must be > 0.
Q1: What is GCC?
A: GCC stands for Government Constructed Cost, which is the baseline cost determined by the government for moving services.
Q2: Why is the multiplier 1.3?
A: The 1.3 multiplier is the standard rate set for fall 2023 moving packages to account for additional expenses.
Q3: Does this include all moving expenses?
A: This covers standard moving package expenses. Additional costs may require separate reimbursement requests.
Q4: Where can I find my GCC value?
A: GCC values are provided by your agency's relocation office or HR department.
Q5: Is this calculator valid for other years?
A: No, this calculator is specifically for fall 2023 moving packages as multipliers may change annually.