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Reply to "Nanny cost beyond wage - taxes "
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[quote=Anonymous][quote=Anonymous] I just did the calculations assuming a net hourly rate of $21/hour and the site told me I'd end up paying about 35% more?? $49k/year vs $67k/year. That doesn't seem right... What am I missing? [/quote] You shouldn't really estimate based on net pay as you don't know your employee's personal income tax withholdings. Calculate on gross pay. That may be why your responsibility seems high[/quote]
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