miller & elliott llc is budgeting for next year. much of the work that m&e does relates to repeat business $($quarterly and annual tax filings and annual audits$),$ but the partners also work hard to gain new business. the firm employs $40$ professional accountants $-$ all salaries $-$ and four administrative staff memebers $-$ all hourly. the following chart shows the number of accountants by role, along with targeted billable hours and billable rates for each level. target billable hours per person are annual amounts, as the TFC are given annually