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Childcare other than Daycare and Preschool
Reply to "What is the total yearly cost of employing a nanny?"
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[quote=Anonymous]$70-80k is a good estimate. Let's go with the middle and say $30hr for 40 Horus per week. Annual base bay is $62,400 $6300 (10%) for employer taxes $1500/yr for tax/payroll service and workers comp policy Variable costs: -All hours over 40 in a week have to be paid at time and a half (legally under the Fair Labor Standards Act) -Mileage reimbursement in nanny is using their personal vehicle for work -Many candidates will be seeking a monthly health insurance stipend. Average for that is $250/month and it's tax free for both nanny and family -Money for outings, classes, and activities Standard benefits: -Guaranteed hours -2 weeks paid vacation -5 sick days -paid holidays -potential health insurance stipend (I run a nanny agency and have a nanny for my kids)[/quote]
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