factors to consider if purely from tax perspective:& H+ N }) g& L `4 E
% N- z0 c0 s* B& S7 q2 O
total additional income 0 x; f& a+ R: M V0 w- r& f5 h' t
total taxes paid (assume it's not a cash job)( m6 Z' E" c3 v) b' Q) {
total tax credit transferrable to working spouse 0 c+ T+ A4 M$ i+ c( S9 r$ o% s1 Qtotal tax credit for child day care, t3 t3 g3 H* Q1 [ \( w% s4 [
total day care cost / s9 Q' ]9 Z/ o P( W( h8 u * I! V2 X, z+ H6 pso the formula is: ( A9 i2 o/ `, l" M% M 7 Z& W; L8 H7 S% u: |4 j r' ttotal additional income - total tax paid - total transferrable tax credit to working spouse (this can be claimed if one of the spouses has 0 or very little annual income) - total child day care tax credit =/</> total cost of day care.