What is the FARE equal to on the Agent Sales Summary?

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Prepare for the Airlines Reporting Corporation (ARC) Specialist Exam with flashcards and multiple choice questions. Each question is accompanied by hints and detailed explanations to help you excel in your exam preparation!

Multiple Choice

What is the FARE equal to on the Agent Sales Summary?

Explanation:
The amount labeled as Fare is the base price of the ticket before taxes and surcharges. In the Agent Sales Summary, the total sale is the sum charged to the customer, which includes taxes. Therefore, removing the taxes from the total sale leaves the base fare the airline would receive. This makes Fare equal to the total sale minus taxes. The other options don’t fit because net remittance is what the agent remits to the airline, not the base fare; total sale plus taxes would be the full charged amount, not the base fare; and taxes minus fees isn’t how the fare is represented.

The amount labeled as Fare is the base price of the ticket before taxes and surcharges. In the Agent Sales Summary, the total sale is the sum charged to the customer, which includes taxes. Therefore, removing the taxes from the total sale leaves the base fare the airline would receive. This makes Fare equal to the total sale minus taxes. The other options don’t fit because net remittance is what the agent remits to the airline, not the base fare; total sale plus taxes would be the full charged amount, not the base fare; and taxes minus fees isn’t how the fare is represented.

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