factors to consider if purely from tax perspective:% t; b3 I9 }8 h& }
' y" E- l& ~1 ~# ]* {& E
total additional income e7 a. K9 S& r* Z4 _3 u# d; p4 Rtotal taxes paid (assume it's not a cash job)5 N4 K! w. A3 K/ u. u3 F- w1 ^
total tax credit transferrable to working spouse7 K" j: ~) \( \% g
total tax credit for child day care4 b* u# o) M1 M- p( y
total day care cost , y" t. T8 v& E3 x# i5 o( e) M0 p/ ^& M+ ?
so the formula is: 0 Y8 W; h7 e" }6 I% a4 }7 q/ `# T: ?9 T( p' b8 Y, a$ Z- v B. n
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.