factors to consider if purely from tax perspective:( a7 i. _" O2 Y; K5 {
7 z8 p$ o/ B* O. Q% o, }total additional income 9 t- q7 \4 \8 |% ]- `
total taxes paid (assume it's not a cash job) - p$ G& C9 I/ n. x9 B: itotal tax credit transferrable to working spouse4 b1 ^- G5 E& f2 s* r1 q
total tax credit for child day care . E: D2 x7 H. T- H$ Wtotal day care cost# {. C* C; h, i* U6 d
/ s3 P* L' X0 s6 B) Vso the formula is:. L% e" k8 g) i0 y
6 V' G y8 w; o9 ~, v) H$ 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.