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[quote=nannydebsays][quote=Anonymous][quote=Anonymous]I'd like some more details about the rates. 
Someone mentionned for a Nanny share: $17-20/hr base rate, time and a half after 40 hours. 
I'd like to know if that rate includes stipends, local and federal taxes? 
Many thanks [/quote]
Does everyone in your field have the same base rate?[/quote]

As a long term nanny, I am happy to break this down further for you. Experienced nannies will not generally agree to an "average" hourly rate, and will be clear on an hourly rate and an OT rate for their services. So if you are hiring me, $20/hour for 50 hours/week means I will expect $20/hour for the first 40 hours, and $30/hour for the remainder of the hours I work each week. I will also request guaranteed hours, ensuring I am paid my weekly rate ($1100) for UP TO 50 hours, and my OT rate for hours over 50 each week. That allows you, the employer, to know I am available to you from X am - X pm, 10 hours a day, M - F. That also allows me to rely on a gross income of $1100/week whether you let me go early one day, or take an extra week of vacation, or have the grandparents visit and only need me half days for a week.

Stipends - I am not sure what you mean by this, but I am guessing you are talking about admission to kid attractions and lunches out? My admission is paid by my employers, since I would not be going to the Zoo/Puppet Show/Kid Museum if I were not working for them. I tend to pack lunches when possible, but if I had to take the kids somewhere and buy lunch, I would expect my lunch to be paid for by my employers. I also would not order the most expensive thing on the menu. OTOH, if I am driving with my charge and decide to get Starbucks, I pay for that myself. And sometimes I get the kid(s) a treat on my dime as well. I would also expect to be paid mileage at the IRS rate of 57.5 cents per mile for all miles driven during work hours.

Taxes - Hire a nanny tax company who knows the laws for your area. I can tell you that generally taxes are around 10% of the nanny's gross pay, and that fees paid to nanny tax companies vary.

In a share, assuming both families need 50 hours of care during the same times each day, Family A (FA) would pay 1/2 of nanny's wages and Family B (FB) would pay 1/2 of the wages. Each family would pay a nanny tax company to process taxes and such, and would be billed separately. As far as a stipend, I would likely suggest a prepaid card of some sort that one family was responsible for keeping loaded with up to $250. I would save all receipts and track mileage, and present both families with 2 log sheets the last day of the month. The family that loads the card would then be reimbursed for 1/2 of expenses by the other family, and each family would pay 1/2 of the monthly mileage total.

And yes, it is reasonable to put limits on expensive outings and meals out, and it's reasonable to ask that nanny doesn't drive kids 50 miles every day to visit new playgrounds and museums, unless you live 40 miles away from civilization!

So the total weekly costs end up like this:

Nanny wages - $1100 gross
Nanny taxes - $110 
Nanny tax company - $10
Stipend - $0 - $100?

Total - $1220 - $1320 per week, $610 - $660 per family in a share.[/quote]

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