What Is A Fair Price To Charge For Room And Board

If the employer charges for a room the maximum charge that can be deducted from the employee s pay is 31 70 per week for a private room and 15 85 per week for a shared room.

What is a fair price to charge for room and board.

If you need the money by all means use it. There is a maximum amount that most employers can charge for room and board. However this method can be considered a bit unfair if you live in an affluent area with high housing prices. From 1990 91 to 2015 16 the average inflation adjusted room and board charges rose from 5 700 to 9 800 at four year public institutions and from 7 400 to 11 600 at four year private nonprofit institutions figure 1.

The family is kept together under one roof. For meals the employer can only charge 2 55 for each meal and not more than 53 55 per. 2 charge the adult child that of his own income for room and board. If you re paying 1 500 a month it works out to 1 25 per square foot 1 500 divided by 1 200.

This makes your room worth 375 and hers worth 250 for a total of 625 dedicated to the bedrooms. To rent a room and boarding to family in your home provides untaxed extra cash. Cost of living and housing. Now multiply each of your bedrooms square footage by 1 25.

Your children who rent room and boarding in your home learn social. Direction i got from both the county social worker and someone in the local social security office is that we could set rent at 1 3 of household expenses because there are 3 adults living in the house. I would take up to 150 per week with 100 being a forced savings that he knows about and 50 being room and board. So if you want to be greedy or if he s been getting on your nerves.

The 50 is up to your family s financial situation. Keep in mind discounts are cause you love your well behaved grown up child they are therefore not mandatory. I had to provide a rent statement when we applied for medicaid for my mom she lives with me.