We have examined bulk structure models for icosahedral AlPdMn in terms of the densities, compositions, and interplanar spacings for the fivefold planes that might represent physical surface terminations. We focus on four models that contain no partial or mixed occupancies, but some comparison is made to a fifth model containing such sites. Each of the four models contains paired planes (layers) that can be separated into two main families on the basis of three features: the relative densities of the two planes, the gap separating the layer from the nearest atomic plane, and the Pd content in the topmost plane. The experimental data and other arguments lead to the conclusion that the family with no Pd in the top plane is favored. Finally, all models show that correlations should be expected between the heights of steps that delineate terraces and average compositional and/or structural features of the terraces.