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[quote=Anonymous][quote=Anonymous]OP, I live in the same area and my nanny works the same hours as you describe (M-F, 10 hours/day).  I have a newborn and a 2 year old.  I pay my nanny $17/hour for the first 40 hours and $25.50 (time and half) for the additional 10 hours.  I also provide 2 weeks paid vacation (all her choice) and 1 week paid sick leave.  I add in a few additional perks (i.e., cell phone reimbursement, yearly bonus), and I have a family member who comes to help out with the newborn a few hours 2-3 days per week to give the nanny a little break and/or time to spend with just my 2 year old, with whom the nanny is very close.

This is all gross pay and I deduct and pay the nanny's taxes from this amount using a payroll services.  The taxes that I am required to pay on her income come out of my own pocket.  I highly recommend against talking about net pay, which could depend on things outside of your control, like the nanny's husband's income (if married and filing taxes jointly) and her deductibles.  With the bonus, her income is over $50k a year, which already takes her out of the lowest tax bracket.  Hope that helps![/quote]

Thanks for the great detail.  Lots of factors to consider.

This information is for live out, correct?  We are focused on live in.  How does that change the analysis?  Thanks[/quote]

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