- 10 - order, Triplex bills Names for the fees associated with filling the order, including running, special selection, media, and shipping fees. Names then bills the mailer or the mailer's list broker. If the mailer uses an independent list broker, the bill is for the listed base price, plus any special selection, media, and shipping fees, less the 10-percent list brokerage commission (which was included in the base price). Before it sends the bill to the mailer, the list broker adds its commission to the bill. The mailer pays the list broker the full price reflected on the bill that the mailer receives. The list broker deducts its commission and remits the remaining payment to Names. If Names acts as the list broker in the transaction, the bill sent to the mailer includes the full base price (including the 10-percent list brokerage commission), plus any special selection, media, and shipping fees, and the mailer remits the full payment directly to Names. After receiving payment from the mailer or its list broker, Names deducts its commission, pays Triplex its fees, and remits the remainder to petitioner. If a mailer cancels its order, it is required to pay a "processing fee" of $50. The fee is retained by Names. List rental transactions are carried on continuously. During 1991 and 1992, petitioner's gross receipts (base price less commissions, Triplex's running fees, and other miscellaneousPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011