factors to consider if purely from tax perspective: . [+ {' U3 G) W. m, b6 s' q7 O " d3 o8 C5 {- F) ?total additional income # @6 C6 N$ C, ~/ v" rtotal taxes paid (assume it's not a cash job)) y( ?: f1 E4 O. h5 u' R. ]: X
total tax credit transferrable to working spouse 2 r- H) m, s/ ?: f9 w* Dtotal tax credit for child day care & W% i- }! ^ X. htotal day care cost- M8 o* \' Q4 Y" T7 h
$ z0 g2 F! T& r; Z1 F
so the formula is:' h4 A% [7 B9 _: o) P
+ B4 j ]6 `2 j8 N
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.