Reply to Confused by salary discussions--do these rates include benefits, taxes, etc?

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[quote=Anonymous][quote=Anonymous]OP here. As PPs have noted, my question was about what I can expect to pay. If I can't afford it, I'll consider not going back to work. But I'd rather not start with a set figure and then work backwards into hiring a crappy nanny because I wont pay more for a good one . But I guess I can look at it the other way too: My take-home pay is roughly $65K and I guess I was hoping the total costs for a nanny would be under $50K. Thanks to the PP who listed all associated costs. We don't want our nanny to drive and the babies won't take classes so that'll shave some expenses off. [/quote]

I'm the one that gave the breakdown. Obviously, you can cut down the bonus and extra spending for activities. You also have to remember that the 50k isn't what the nanny takes home that just what you will probably pay with taxes at the $20 per hour mark. You can offer a lower hourky rate and cut the over time, that will keep you under 50k.

For those who seem surprised by my breakdown, I actually make more and have more benefits being a nanny for three children. All my friends who are Financial analysts right out of college are shocked that I make more then they do. However, I'm reaching the top end salary for nannies, while they are just starting out. [/quote]

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