factors to consider if purely from tax perspective:- r3 j4 M9 m+ X; {# v/ p3 U* R5 e
- B# U3 M6 Y! r) K, M G
total additional income 3 x# d! C I3 w; L8 o) f5 jtotal taxes paid (assume it's not a cash job)) N) X; V3 T" R) r- o8 k2 S K/ y5 W
total tax credit transferrable to working spouse 4 y0 N8 l9 k# _total tax credit for child day care1 O# F" {: Y# T/ C
total day care cost ; h8 X! ~" W3 D' E1 F0 d8 }2 N; k) [, ]
so the formula is: " S5 W' e- {4 Y . t" S& `$ {3 L+ v- @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.