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Reply to "Advice on hourly rates for 1 or 2 children"
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[quote=Anonymous]Just out of curiosity, I calculated what a $20/hour legally paid nanny would cost a family for a typical 45-hour work week (OT paid for anything more than 8 hours/day). I don't entirely understand what taxes would be paid, but it would be $950/week just in hourly rate plus an extra $75/week or so for medicare and SS taxes. Plus unemployment taxes for federal and state plus workers comp. But anyway, over $1,000 a week. At $25/hour, it would be over $1,300 a week. I would assume that there are relatively few families that would be willing or able to pay more than $4-5k a month for a nanny. Not really a statement on whether or not any particular nanny deserves that amount, but simply a statement on how little demand for nanny services there might be at that rate or more.[/quote]
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