factors to consider if purely from tax perspective:" s4 \' o; F5 e1 N
5 B& B* W& A& G" c8 }' H
total additional income 8 @. q% d" }0 O# Y( X8 a8 N+ x
total taxes paid (assume it's not a cash job) 3 z+ @- c8 [; xtotal tax credit transferrable to working spouse 7 y& v0 ?6 _2 k, A2 Ptotal tax credit for child day care7 `5 T8 E5 C/ p6 o9 T
total day care cost / j$ a, O' e+ v' d3 j 9 F$ G3 C3 c* z2 ^$ X; E1 ?( E# N' [! Dso the formula is:& K0 m% q8 b, _, _
& A0 j; N2 K0 B( K7 Q( Stotal 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.