July 7, 2006, Newsletter Issue #23: Nanny Tax Cost for Employees

Tip of the Week

Most of the time, a single nanny with no children will take home about 80% of her gross nanny tax earnings. For example, a nanny salary with earnings of $350 per week would clear about $280 after taxes. The specific nanny taxes withheld from the employee's wages vary based on the employee's marital status and number of dependents.

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