Salary
The typical salary of a live-in nanny ranges from $400.00 to $600.00 gross per week depending upon the nanny's education, childcare experience, and qualifications. Highly experienced nannies may seek a greater salary. The number of children in your family, their ages, and the range of responsibilities and chores are also a determining factor in salary negotiations.

The salary of a live-out nanny ranges from $15 to $20 an hour. Again, highly experienced nannies may seek a greater salary.
The salary to a nanny is paid 52 weeks per year. If you are taking a family vacation without the nanny, you may ask her to work at mutually agreed upon tasks in your home during your absence.

Overnight nannies for newborns can expect to earn $18-20/hr for singletons, $20-25/hr for twins, and $22+/hr for triplets.

Taxes
Legally, the nanny's salary is taxable. The nanny may elect to have you, the family, withhold income taxes on her salary or she may choose to be responsible for paying her own estimated income taxes quarterly.
In addition to withholding income taxes when the nanny so elects, the family is responsible for paying the payroll taxes on the nanny's salary. These payroll taxes consist of FUTA (federal unemployment tax), SUTA (state unemployment tax), and one half of FICA (social security and medicare tax). Workmen's Compensation is legally required and can be purchased from an insurance company.
We provide information regarding a payroll and tax preparation service.

Nanny Tax Resource Center
GTM Associates provides a free Nanny Tax Resource Center. This resource center includes a free:
• payroll tax calculator
• tax calendar
• tax forms
• employer information, and
• frequently asked questions (FAQ).

GTM provides clients and nannies free brochures and free tax consultations to help them understand the complicated and ever changing tax laws. You may access GTM Associates Website at anytime, here.

Benefits
It is strongly recommended that the following benefits be provided by you:
• Health Insurance - we can refer you to local insurance agencies that specialize in providing healthcare plans for nannies.
• Automobile insurance, if she is a driver of the family automobile.
• Periodic bonuses may be considered (i.e., reimbursement for course work, bonus for completion of her contract, etc.)
• The nanny should receive a two week paid vacation in the course of one year. In addition she will have eight legal holidays off with pay. They are: Memorial Day, July 4th, Labor Day, Thanksgiving Day, Christmas, New Year's Day, plus two of your choice from the following: Martin Luther King Day, Washington's Birthday, Columbus Day, Veteran's Day, or the day after Thanksgiving.