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Reply to "Market Rate for Cash"
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[quote=Anonymous]M here - If you do decide to pay cash, perhaps don't pay her the same gross salary as your prior nanny, but also not the same net salary. Often people want to be paid off the books to put more money in their pocket rather than the government's, but there should be something in it for the employer as well, so offer something in between. We usually pay on the books but right now we are hiring a summer nanny who is in college and will pay her off the books so she can still get her tuition subsidy from the government. As it is a very short-term arrangement we are ok with taking the risk, but with a more long-term nanny we would do it on the books.[/quote]
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