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

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

• A. $17.70
• B. $17.00
• C. $16.00
• D. $16.30

Answer: (D)

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.