Taxes, pay and new nanny! Is this correct?!?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We are helping our nanny find a new job and, of course, everyone asks what it costs! I am trying to put it in the simple terms but I am getting a lot of gasps! Am I missing something?!?

Hourly: around $18 (plus 10 hours OT)
Gross - $975/week
Net - $700/week
Employer taxes - $110/week

All and all the bottom line is any family will need around $4,000 a month for a full-time, 50 hour a week nanny. Does that sound correct? Every time I explain to a new family, they gasp!!!!

Just making sure I am not missing something!?!?

No one pays $18 an hour. Actually few people mess around with hourly anyways as salary is easier. Average pay for a nanny (~50 hours a week) is like $500, no taxes, no benefits. You can have a nanny for $2000 a month easily. And that is a good nanny too, not an illegal.

I mostly don't believe this is in the DMV. If it is, you really should be ashamed of yourself, and I'm a MB who regularly rolls her eyes at the nannies who claim everyone should be making 60K+.

$26,400/yr for a 50hr per week job? That's awful. Even a single person would find it hard to live on this anywhere close to DC, and no one should have to work overtime for it!

Agreed. We pay approx $2200 a month. Never need OT, but this includes paid vacations etc...this is above the board--completely legal (we have TSSCI so we do not mess around either).

I don't believe PP - that is DIRT cheap for a full-time 50 hour a week nanny, cannot be legal.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We are helping our nanny find a new job and, of course, everyone asks what it costs! I am trying to put it in the simple terms but I am getting a lot of gasps! Am I missing something?!?

Hourly: around $18 (plus 10 hours OT)
Gross - $975/week
Net - $700/week
Employer taxes - $110/week

All and all the bottom line is any family will need around $4,000 a month for a full-time, 50 hour a week nanny. Does that sound correct? Every time I explain to a new family, they gasp!!!!

Just making sure I am not missing something!?!?

No one pays $18 an hour. Actually few people mess around with hourly anyways as salary is easier. Average pay for a nanny (~50 hours a week) is like $500, no taxes, no benefits. You can have a nanny for $2000 a month easily. And that is a good nanny too, not an illegal.

I mostly don't believe this is in the DMV. If it is, you really should be ashamed of yourself, and I'm a MB who regularly rolls her eyes at the nannies who claim everyone should be making 60K+.

$26,400/yr for a 50hr per week job? That's awful. Even a single person would find it hard to live on this anywhere close to DC, and no one should have to work overtime for it!

Agreed. We pay approx $2200 a month. Never need OT, but this includes paid vacations etc...this is above the board--completely legal (we have TSSCI so we do not mess around either).

I don't believe PP - that is DIRT cheap for a full-time 50 hour a week nanny, cannot be legal.

[Anonymous]

I'm the pp who noted 2200 a month. I should have been more clear, it's for 35 hours a week and not 50 but the idea is the same... you do not need to pay $25 an hour that's absurd

[Anonymous]

Anonymous wrote:I'm the pp who noted 2200 a month. I should have been more clear, it's for 35 hours a week and not 50 but the idea is the same... you do not need to pay $25 an hour that's absurd

I think the OP started at $18/hr. With 10 hours of overtime for 50 hours, that's $18x40 + $27x10 = $990/wk. What about that seems outrageous to you? Even starting at $15/ht, with overtime you end up at $825/wk. Add taxes, unemployment insurance, coverage for days off, mileage reimbursement ... $4000/mo for 50 hours a week is probably about right if you're doing it legally and want to be comfortable with what you're spending..

Oh, and if you think it's just great to be paying someone under $30K a year who lives in the DMV area for full time work in 2016, I think you've got an ethics problem. Yes, I realize $500/wk is close to $15/hr, but I hope that job is structured so she at least has time for a second gig. I think you ought to hire her for the extra five hours a week and make it actually $15/hr. And I'm one of the MBs who thinks the entitled nannies on this board with their ridiculous salary requirements are turning off potential employers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm the pp who noted 2200 a month. I should have been more clear, it's for 35 hours a week and not 50 but the idea is the same... you do not need to pay $25 an hour that's absurd

I think the OP started at $18/hr. With 10 hours of overtime for 50 hours, that's $18x40 + $27x10 = $990/wk. What about that seems outrageous to you? Even starting at $15/ht, with overtime you end up at $825/wk. Add taxes, unemployment insurance, coverage for days off, mileage reimbursement ... $4000/mo for 50 hours a week is probably about right if you're doing it legally and want to be comfortable with what you're spending..

Oh, and if you think it's just great to be paying someone under $30K a year who lives in the DMV area for full time work in 2016, I think you've got an ethics problem. Yes, I realize $500/wk is close to $15/hr, but I hope that job is structured so she at least has time for a second gig. I think you ought to hire her for the extra five hours a week and make it actually $15/hr. And I'm one of the MBs who thinks the entitled nannies on this board with their ridiculous salary requirements are turning off potential employers.

35 hours a week at 2200 a month is over 15 an hour, plus she gets paid leave vacation and generous flexibility with her schedule. But that's hardly the point, because if I advertise the job for $10 an hour and somebody says yes please I'm interested it's hardly up to you to determine that the two of us have violated some ethical code you've determined for us.

In our case, we advertise the job at a rate we could afford and accepted a nanny that needed to bring her kid with her on occasion. Everybody makes sacrifices but everybody gets what they need. To my mind it's unethical to offer one rate initially and then try to lowball it. But offering $15 an hour is somehow unethical. Even though there are people who are happy to work for that? Get real

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm the pp who noted 2200 a month. I should have been more clear, it's for 35 hours a week and not 50 but the idea is the same... you do not need to pay $25 an hour that's absurd

I think the OP started at $18/hr. With 10 hours of overtime for 50 hours, that's $18x40 + $27x10 = $990/wk. What about that seems outrageous to you? Even starting at $15/ht, with overtime you end up at $825/wk. Add taxes, unemployment insurance, coverage for days off, mileage reimbursement ... $4000/mo for 50 hours a week is probably about right if you're doing it legally and want to be comfortable with what you're spending..

Oh, and if you think it's just great to be paying someone under $30K a year who lives in the DMV area for full time work in 2016, I think you've got an ethics problem. Yes, I realize $500/wk is close to $15/hr, but I hope that job is structured so she at least has time for a second gig. I think you ought to hire her for the extra five hours a week and make it actually $15/hr. And I'm one of the MBs who thinks the entitled nannies on this board with their ridiculous salary requirements are turning off potential employers.

35 hours a week at 2200 a month is over 15 an hour, plus she gets paid leave vacation and generous flexibility with her schedule. But that's hardly the point, because if I advertise the job for $10 an hour and somebody says yes please I'm interested it's hardly up to you to determine that the two of us have violated some ethical code you've determined for us.

In our case, we advertise the job at a rate we could afford and accepted a nanny that needed to bring her kid with her on occasion. Everybody makes sacrifices but everybody gets what they need. To my mind it's unethical to offer one rate initially and then try to lowball it. But offering $15 an hour is somehow unethical. Even though there are people who are happy to work for that? Get real

12 months*$2200(/month)/52 weeks/35(hours/week)=$14.51/hour That's not market for even one child.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm the pp who noted 2200 a month. I should have been more clear, it's for 35 hours a week and not 50 but the idea is the same... you do not need to pay $25 an hour that's absurd

I think the OP started at $18/hr. With 10 hours of overtime for 50 hours, that's $18x40 + $27x10 = $990/wk. What about that seems outrageous to you? Even starting at $15/ht, with overtime you end up at $825/wk. Add taxes, unemployment insurance, coverage for days off, mileage reimbursement ... $4000/mo for 50 hours a week is probably about right if you're doing it legally and want to be comfortable with what you're spending..

Oh, and if you think it's just great to be paying someone under $30K a year who lives in the DMV area for full time work in 2016, I think you've got an ethics problem. Yes, I realize $500/wk is close to $15/hr, but I hope that job is structured so she at least has time for a second gig. I think you ought to hire her for the extra five hours a week and make it actually $15/hr. And I'm one of the MBs who thinks the entitled nannies on this board with their ridiculous salary requirements are turning off potential employers.

35 hours a week at 2200 a month is over 15 an hour, plus she gets paid leave vacation and generous flexibility with her schedule. But that's hardly the point, because if I advertise the job for $10 an hour and somebody says yes please I'm interested it's hardly up to you to determine that the two of us have violated some ethical code you've determined for us.

In our case, we advertise the job at a rate we could afford and accepted a nanny that needed to bring her kid with her on occasion. Everybody makes sacrifices but everybody gets what they need. To my mind it's unethical to offer one rate initially and then try to lowball it. But offering $15 an hour is somehow unethical. Even though there are people who are happy to work for that? Get real

12 months*$2200(/month)/52 weeks/35(hours/week)=$14.51/hour That's not market for even one child.

Sure it is. Obviously a market because more than--lets say 100--threads on this board in the last month note something in that range. Just because you go to Neimans for your Levis doesn't mean others don't buy theirs at Pennys. And no shame there. Everyone gets to figure out what works for them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm the pp who noted 2200 a month. I should have been more clear, it's for 35 hours a week and not 50 but the idea is the same... you do not need to pay $25 an hour that's absurd

I think the OP started at $18/hr. With 10 hours of overtime for 50 hours, that's $18x40 + $27x10 = $990/wk. What about that seems outrageous to you? Even starting at $15/ht, with overtime you end up at $825/wk. Add taxes, unemployment insurance, coverage for days off, mileage reimbursement ... $4000/mo for 50 hours a week is probably about right if you're doing it legally and want to be comfortable with what you're spending..

Oh, and if you think it's just great to be paying someone under $30K a year who lives in the DMV area for full time work in 2016, I think you've got an ethics problem. Yes, I realize $500/wk is close to $15/hr, but I hope that job is structured so she at least has time for a second gig. I think you ought to hire her for the extra five hours a week and make it actually $15/hr. And I'm one of the MBs who thinks the entitled nannies on this board with their ridiculous salary requirements are turning off potential employers.

35 hours a week at 2200 a month is over 15 an hour, plus she gets paid leave vacation and generous flexibility with her schedule. But that's hardly the point, because if I advertise the job for $10 an hour and somebody says yes please I'm interested it's hardly up to you to determine that the two of us have violated some ethical code you've determined for us.

In our case, we advertise the job at a rate we could afford and accepted a nanny that needed to bring her kid with her on occasion. Everybody makes sacrifices but everybody gets what they need. To my mind it's unethical to offer one rate initially and then try to lowball it. But offering $15 an hour is somehow unethical. Even though there are people who are happy to work for that? Get real

12 months*$2200(/month)/52 weeks/35(hours/week)=$14.51/hour That's not market for even one child.

Sure it is. Obviously a market because more than--lets say 100--threads on this board in the last month note something in that range. Just because you go to Neimans for your Levis doesn't mean others don't buy theirs at Pennys. And no shame there. Everyone gets to figure out what works for them.

I buy my jeans (not Levis) at Walmart, my bras at Lane Bryant. Not that I consider either relevant to whether your rate is market.

[Anonymous]

And this is why the movement to move to a $15/hr minimum wage is there.