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Reply to "Nanny Share Questions - Bethesda/Chevy Chase"
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[quote=Anonymous]Yes, you should do a search - very common questions. Below are the basics. -What is the going rate for a nanny these days? ALl over the place really, despite what you may hear on this site. Anywhere from $15-$25/hr. For one child $15-$20/hr (maybe more, depending on experience. Must pay overtime if more than 40 hours and must pay taxes (likely around $4K a month) but many people agree to a set amount a week (for instance $700/wk) as long as the numbers work out to cover minimum wage and OT. -How much for 1 baby? $15-$20/hr -How much for 2 babies (if doing a nanny-share)? $20-$25 but if you do a share it would be split ($10/hr) but each family must be a separate employer and pay taxes separately (nanny gets two w-2s) -How much for full time vs part time? part time will be higher because of less hours. -Do you have to pay for the nanny's healthcare? If so, what percentage? No. But you could offer to pay (it is not taxed but must keep all documentation) or pay a stipend to assist with costs. -Recommended paycheck companies? GTM payroll services. These services also cost about $700 a year a month but are worth it to ensure ALL your paperwork is in order. No way around this for a share - each family is a separate employer by law and must pay taxes on what they pay the nanny. [/quote]
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