factors to consider if purely from tax perspective: 3 e- X- M2 |5 U3 W5 M1 S & I+ N4 G4 l8 n2 b# }total additional income 4 u; }& ?% m7 e4 l+ o
total taxes paid (assume it's not a cash job) & b1 w/ U& A3 d8 wtotal tax credit transferrable to working spouse/ y; q1 }; f9 T& V/ `# z$ U% t, [
total tax credit for child day care 7 O) H" k/ a3 `2 [+ Stotal day care cost 5 c; J# E1 ~9 q! m9 q" i 5 _, Q9 b3 C6 E1 k! z( Iso the formula is:% D2 @( y8 N4 w& H
3 H3 k2 t) O& M+ r& B2 Ftotal 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.