factors to consider if purely from tax perspective:6 E4 `7 f; q$ I! q) ?
; q% C4 g! S" g, |; n3 gtotal additional income 0 _6 q5 {3 j: f2 o1 `3 x) { ntotal taxes paid (assume it's not a cash job)# j9 s" W: ~6 n ^
total tax credit transferrable to working spouse# d; r4 C/ _4 T5 u" f; u9 H
total tax credit for child day care % m/ ~* Z; ~$ D6 C3 n9 |, Ototal day care cost2 l: }, w7 H9 V( Y1 d( q
2 W4 t: {+ z+ a0 ?
so the formula is:. Z; `, {0 g1 ~1 R! r
C/ [( v% U) `" Y0 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.