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Reply to "Nanny Share vs. Day Care"
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[quote=Anonymous]But, you're also going to have to be able to cover the nanny's vacation and sick days. If one of you can always take off work, that won't add to your cost, but if you have to hire someone else, that would be on top of what you pay the nanny. Also, overtime (over 40 hours a week) has to be paid at time-and-a-half, and you do have to pay employer taxes. Also, if you're right at the edge of your budget, you can't offer a raise, and it may be difficult to make a change if the first share or nanny doesn't work out. OP, I don't think it's impossible, and if you're just thinking of a nanny for the first year or two you can probably make it work. However, it can be very stressful being an employer if you feel like you're stretching to barely cover the employee's salary. [/quote]
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