Which statement is true about FARE in relation to taxes?

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

Multiple Choice

Which statement is true about FARE in relation to taxes?

FARE is the base price of the ticket before any taxes are added. In ARC terminology, the total sale is the FARE plus taxes. Therefore, the FARE is found by subtracting the taxes from the total sale. For example, if the total sale is 350 and taxes are 50, the FARE is 300. The other statements don’t fit this relationship because taxes minus total sale wouldn’t yield the base price, the total sale already includes taxes, and taxes alone are not the fare.

Which statement is true about FARE in relation to taxes?

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

Which statement is true about FARE in relation to taxes?

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