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

A. Total sale minus commission
B. Total sale minus taxes
C. Total sale minus cancellation penalty
D. Total sale minus commission, minus cancellation penalty

Answer :

Final answer:

The 'FARE' on the Agent Sales Summary generally refers to the total sale with taxes included, but the exact meaning may vary depending on the context and industry standards.

Explanation:

The "FARE" on the Agent Sales Summary is most often understood as the total amount of money that a customer pays for a service before additional expenses are deducted. In the context of this question, without explicit reference to a standardized accounting or business practice, option B, which suggests that it is the total sale minus taxes, could be considered correct since fares typically include the cost of the service with applicable taxes added.

However, in the travel industry or specific accounting practices, 'FARE' might have a more defined meaning, and would often not include commission or penalties subtracted post-transaction. It is crucial to understand the specific context or accounting conventions of the summary in question before providing the exact definition.

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