Reply to Confused by salary discussions--do these rates include benefits, taxes, etc?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yikes so I need to pay time and a half for anything over 40 hours?[/quote]

Absolutely.

40 hour at $20 is 41,600 a year before your share of taxes
Health insurance $150 a month is 1800, you don't need to tax it
Yearly bonus 1 week $800, legally has to be taxed

Plus gas reimbursement, petty cash, classes for the childern; let's say comes to 2k for the year

You're looking at 46k before taxes. So I'd say easily around 50k after you get tax breaks/credits.

Add another 15k if you want 50 hours a week.

So somewhere between 50-60k a year [/quote]

[b]Bull shit in all of the above, most people don't pay time and a half. And always offer on Gross because you don't know what deductions the nanny can take.

Most nannies make 32-38k, this website is full of it.[/b][/quote]

I've always been paid OT rate for OT hours.  If you don't, you open yourself up to a potential lawsuit down the line.  Employees almost always win these cases as the law is very straight forward.  [/quote]

Any person who sues their employer for this is a complete ass and should be black listed.[/quote]

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