factors to consider if purely from tax perspective: 0 v4 @/ s/ m$ ~4 @ 1 E: {) t3 q1 q2 u: itotal additional income $ F) P7 A2 M9 h" O) p
total taxes paid (assume it's not a cash job) - s1 C7 v9 U/ @total tax credit transferrable to working spouse1 L5 N, T# T, r/ |. i- z8 d8 b: U
total tax credit for child day care3 j; ]( |0 G% n: C
total day care cost - a3 m. r6 p& O; X" _( e 9 j i j) ]8 i4 M1 Z+ r U0 A- Hso the formula is:$ [/ v5 ]. e" h; F1 l* g
' D' r8 M. X7 c$ f
total 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.