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[quote=Anonymous][quote=Anonymous]Taxes:
7.5% employer part of FICA Taxes
Unemployment Insurance depends on your state, but about 2.5%
Worker's Comp -- varies; cheapest through Breedlove or your homeowner's policy

Bonuses:
Generally expected at birthdays and Christmas. Christmas bonus of 1 week's pay generally quoted, though many people do not give that much, and some people give a lot more.

Petty cash for activities, meals out with your child -- how much you allow for this is up to you.

If you are not providing a car, mileage reimbursement for all driving except her commute to and from your house (currently 54.5 cents/mile).

Some people provide extras like a health insurance stipend or continuing ed stipend.

Guaranteed hours:
You pay for 52 weeks a year, even if you do not need her.

Temp coverage:
Someone to cover nanny's vacation and sick days, or plan to spend your own PTO on those days.

HomePay comes to about $1000/yr. You can also do it yourself for free.

I always tell people to budget about 12-15% of the nanny's pay for other costs. Nanny care is expensive, and being a good employer makes it more expensive. My #1 tip for new nanny employers is to make your peace with it being expensive. Do not try to save $100 here and there by using the law to your advantage  (no OT pay on holiday weeks, for example), or cheaping out on bonuses, or questioning every dollar the nanny spends when out with your child, even if it adds up to a substantial amount of money by the end of the year.[/quote]

This pp covered it well. We are in a nanny share. We give our nanny about $100 per month for petty cash and the other family gives about the same. We are in DC so no driving but our nanny metros to activities. We have annual memberships at the building museum and pay monthly membership at another club for kids. We pay for CPR training. We give Christmas bonuses, birthday bonus and another random gift for nanny day or something like that. Our nanny gets 12 vacation days a year and 5 sick days. What that means is that we are usually paying for backup care/nanny maybe 10 days a year. At approx. $100 a day that adds another $1000. Our nanny stays an hour later than her usual 9.5 hours once a week to allow me to take my oldest to swimming. On those days we order food for her dinner and send her home with uber. I think that's about everything. We also pay 10 hours overtime weekly and will be contributing $150 a month toward insurance starting in january (the other family will pay 150 and the nanny will pay 150 pretax). [/quote]

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