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[quote=Anonymous][quote=Anonymous][quote=nannydebsays][quote=Anonymous]Thanks, all. $16/17 sounds doable and we could guarantee 40 hours a week to be worked M-Th (Fridays off.)

Are there any other expenses I'm not factoring in? I think we'd want to give a birthday and holiday bonus (how much is typical?) Are there any other expenses? I would not have the nanny driving the kids around so I don't think fuel $ would be necessary.

Thanks for the info re health insurance not being very common.[/quote]

Since you say you'll be paying legally, add about 10% to the weekly pay to cover your share of taxes/expenses, plus the cost of a nanny payroll company. So $16/hour gross for 40 hours = $640/week, add $64 for taxes.

If nanny does eventually drive kids around, the standard is to use IRS reimbursement, currently 56,5 cents per mile.

As far as B'day and Holiday bonuses (and yearly retention bonuses) the "standard" is that there is no standard.  :D  I get 1 week for B'day, 2 weeks for holiday/retention. Some get more, some get less. IMO, nannies should never [b]expect[/b] bonuses, because some families can't afford them, some just don't give them, etc. It's a fabulous gesture, but if it's not in your budget...[/quote]

Horrible advice.. I've never heard of someone adding any extra $64 to take cares of taxes. The whole reason the nanny is getting paid $16 per hour is because taxes are taken out and will actually lower her to around $14-$15 per hour. Also, never heard of a birthday bonus. Ever.[/quote]

PP, you misunderstood the advice.  No one is saying that the extra 10% goes to the nanny.  This is money that the parents should budget to pay their share of payroll taxes.  If you are an MB or DB, you should know that parents must match whatever SS and Medicare tax the nanny pays, and must also pay unemployment tax and a local administrative tax in DC.  [/quote]

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