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Cash App Fee worksheet

Grades 7–8

Solve each problem and show your work. Round answers to 2 decimal places where needed.

  1. Problem 1.
    • What do you want to find?: What to ask for to receive a set amount
    • Payment type: Business account, payment from a Cash App customer: 2.6% + $0.15
    • Amount you want to receive: $140

    Find: Amount to request

  2. Problem 2.
    • What do you want to find?: What to ask for to receive a set amount
    • Payment type: Instant transfer, using a 1.75% example rate: 1.75% ($0.25 minimum) (capped at $75.00)
    • Amount you want to receive: $120

    Find: Amount to request

  3. Problem 3.
    • What do you want to find?: The fee on an amount
    • Payment type: Business account, Tap to Pay: 3%
    • Payment amount: $80

    Find: Cash App fee

  4. Problem 4.
    • What do you want to find?: The fee on an amount
    • Payment type: Enter my own rate
    • Percentage rate: 1.8%
    • Fixed fee: $0.16
    • Payment amount: $120

    Find: Cash App fee

  5. Problem 5.
    • What do you want to find?: What to ask for to receive a set amount
    • Payment type: Business account, Tap to Pay: 3%
    • Amount you want to receive: $120

    Find: Amount to request

  6. Problem 6.
    • What do you want to find?: The fee on an amount
    • Payment type: Business account, Tap to Pay: 3%
    • Payment amount: $75

    Find: Cash App fee

  7. Problem 7.
    • What do you want to find?: What to ask for to receive a set amount
    • Payment type: Business account, payment from a Cash App customer: 2.6% + $0.15
    • Amount you want to receive: $80

    Find: Amount to request

  8. Problem 8.
    • What do you want to find?: The fee on an amount
    • Payment type: Enter my own rate
    • Percentage rate: 2.6%
    • Fixed fee: $0.22
    • Payment amount: $116

    Find: Cash App fee

  9. Problem 9.
    • What do you want to find?: What to ask for to receive a set amount
    • Payment type: Business account, Tap to Pay: 3%
    • Amount you want to receive: $130

    Find: Amount to request

  10. Problem 10.
    • What do you want to find?: The fee on an amount
    • Payment type: Instant transfer, using a 1.75% example rate: 1.75% ($0.25 minimum) (capped at $75.00)
    • Payment amount: $120

    Find: Cash App fee

Answer key: Cash App Fee worksheet

  1. 1. Amount to request: $143.89

    1. The fee is also charged on whatever you add to cover it. So divide by the share you keep, not just add the fee

      ($140.00+$0.15)(100%−2.6%)=$143.89
    2. Check it: the fee on the rounded amount leaves you this much

      $143.89−$3.89=$140.00
    3. So this is the lowest whole-cent amount to request

      $140.00+$3.89=$143.89
  2. 2. Amount to request: $122.14

    1. The fee is also charged on whatever you add to cover it. So divide by the share you keep, not just add the fee

      ($120.00+$0.00)(100%−1.75%)=$122.14
    2. Check it: the fee on the rounded amount leaves you this much

      $122.14−$2.14=$120.00
    3. So this is the lowest whole-cent amount to request

      $120.00+$2.14=$122.14
  3. 3. Cash App fee: $2.40

    1. Cash App takes a percentage of the whole payment

      $80.00×3%=$2.40
    2. The fee is that percentage plus any fixed fee, rounded to the nearest cent

      $2.40+$0.00=$2.40
    3. Take the fee off the payment to see what reaches you

      $80.00−$2.40=$77.60
  4. 4. Cash App fee: $2.32

    1. Cash App takes a percentage of the whole payment

      $120.00×1.8%=$2.16
    2. The fee is that percentage plus any fixed fee, rounded to the nearest cent

      $2.16+$0.16=$2.32
    3. Take the fee off the payment to see what reaches you

      $120.00−$2.32=$117.68
  5. 5. Amount to request: $123.71

    1. The fee is also charged on whatever you add to cover it. So divide by the share you keep, not just add the fee

      ($120.00+$0.00)(100%−3%)=$123.71
    2. Check it: the fee on the rounded amount leaves you this much

      $123.71−$3.71=$120.00
    3. So this is the lowest whole-cent amount to request

      $120.00+$3.71=$123.71
  6. 6. Cash App fee: $2.25

    1. Cash App takes a percentage of the whole payment

      $75.00×3%=$2.25
    2. The fee is that percentage plus any fixed fee, rounded to the nearest cent

      $2.25+$0.00=$2.25
    3. Take the fee off the payment to see what reaches you

      $75.00−$2.25=$72.75
  7. 7. Amount to request: $82.29

    1. The fee is also charged on whatever you add to cover it. So divide by the share you keep, not just add the fee

      ($80.00+$0.15)(100%−2.6%)=$82.29
    2. Check it: the fee on the rounded amount leaves you this much

      $82.29−$2.29=$80.00
    3. So this is the lowest whole-cent amount to request

      $80.00+$2.29=$82.29
  8. 8. Cash App fee: $3.24

    1. Cash App takes a percentage of the whole payment

      $116.00×2.6%=$3.02
    2. The fee is that percentage plus any fixed fee, rounded to the nearest cent

      $3.02+$0.22=$3.24
    3. Take the fee off the payment to see what reaches you

      $116.00−$3.24=$112.76
  9. 9. Amount to request: $134.02

    1. The fee is also charged on whatever you add to cover it. So divide by the share you keep, not just add the fee

      ($130.00+$0.00)(100%−3%)=$134.02
    2. Check it: the fee on the rounded amount leaves you this much

      $134.02−$4.02=$130.00
    3. So this is the lowest whole-cent amount to request

      $130.00+$4.02=$134.02
  10. 10. Cash App fee: $2.10

    1. Cash App takes a percentage of the whole payment

      $120.00×1.75%=$2.10
    2. The fee is that percentage plus any fixed fee, rounded to the nearest cent

      $2.10+$0.00=$2.10
    3. Take the fee off the payment to see what reaches you

      $120.00−$2.10=$117.90