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Reply to "help me figure out net pay $600 per week ($15 per hour, 40 hours per week) "
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[quote=Anonymous][quote=Anonymous]Op here. Wow. So it actually costs quite a bit more to pay taxes. I am being paid under the table now. It's confusing to compare nanny rates because some are done at cash-market. $15/hour cash would be the same as $20 above the table. I accepted "off the books" but now my employers want to pay "on the books." [/quote] If they want to switch you to on the books, yes it is significantly less money for you. You could try to negotiate a slight rate increase, but you may not get it, and you should never had agreed to off the books in the first place. You may lose some money, but being paid on the books comes with its benefits. You will now have legitimate employment, can reap the benefits of social security, unemployment, etc. and you will most likely get back much of what you pay in taxes. [/quote]
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