- nanny tax
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the portion of Social Security and Medicare taxes paid by the employer of a nanny, gardener, or other household worker.[1990-95]
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Universalium. 2010.
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Universalium. 2010.
Nanny Tax — A federal tax that must be paid by people who hire household help (a babysitter, maid, gardener, etc.) and pay them a total of more than a specified threshold amount during the tax year. The reason the IRS charges the nanny tax is because it… … Investment dictionary
nanny tax — nan′ny tax n. bus the portion of Social Security and Medicare taxes paid by the employer of a nanny, gardener, or other household worker • Etymology: 1990–95 … From formal English to slang
nanny tax — the portion of Social Security and Medicare taxes paid by the employer of a nanny, gardener, or other household worker. [1990 95] … Useful english dictionary
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Household Employee — An individual who is paid to provide a service within a residence. Examples include babysitters, nannies and housekeepers. Independent contractors such as repairmen and plumbers are not considered household employees. The Internal Revenue Service … Investment dictionary
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