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Employer Issues
Reply to "Nanny hourly rate (net vs gross)"
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[quote=Anonymous]We pay $18 gross and withhold taxes. However many candidates I interviewed didn't want to do taxes at all. Not an option for me an my job. $18 an hour gross ends up at about $14-$15 net. They should get a decent tax return in April. But I get why nannies didn't want to pay taxes. We pay our employee portion on top of that. Some families offer to pay the employee portion as well- so that another 7% of nanny pay that you budget for. You have to withhold fica but you don't have to withhold federal and state. But in that case the baby has to figure those out herself at the end of the ear and still pay the irs. [/quote]
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