If a TASF transaction is $17.00, what is the agent's net earning after the processing fee?

Study for the Airlines Reporting Corporation (ARC) Test. Utilize flashcards and multiple choice questions with hints and explanations. Prepare for success!

Multiple Choice

If a TASF transaction is $17.00, what is the agent's net earning after the processing fee?

Explanation:
In a TASF transaction, the agent’s earnings are what’s left after a fixed processing fee is deducted from the charged amount. Here, the processing fee is 0.70. So you subtract 0.70 from 17.00: 17.00 − 0.70 = 16.30. Therefore, the agent’s net earning is 16.30. Options that show more than 17.00 or 17.70 would imply the fee is added back or not deducted, while 16.00 would imply a 1.00 fee; neither matches the fixed 0.70 processing fee.

In a TASF transaction, the agent’s earnings are what’s left after a fixed processing fee is deducted from the charged amount. Here, the processing fee is 0.70. So you subtract 0.70 from 17.00: 17.00 − 0.70 = 16.30. Therefore, the agent’s net earning is 16.30.

Options that show more than 17.00 or 17.70 would imply the fee is added back or not deducted, while 16.00 would imply a 1.00 fee; neither matches the fixed 0.70 processing fee.

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