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[quote=Anonymous]Hi! I'm happy to help you run through the costs because some are "hidden" upfront. -The going hourly rate for career nannies is $20-30hr with most candidates within the $22-26hr range. -Nannies must be paid 1.5x overtime for all hours worked above 40 hours in one week -You can anticipate paying approx 10% of the nanny's gross annual income in domestic employer taxes -A workers compensation policy is required in DC and MD (though also highly recommend getting one if you live elsewhere) and that costs about $700-800 per year. -If you will be using a tax and payroll service, that is about $600-700 per year depending on which you use. -If nanny uses her personal vehicle for work, they should be reimbursed at the current federal mileage reimbursement rate. I hope that helps and congrats on your pending little one![/quote]
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