factors to consider if purely from tax perspective:: M( N9 p3 v7 k; H B
3 b) J0 l, Q/ b6 J, J
total additional income + @) q8 y& N+ P( Itotal taxes paid (assume it's not a cash job) ) E; T% u4 t1 etotal tax credit transferrable to working spouse+ v* Y4 z' r! c
total tax credit for child day care " A3 N& y3 q- xtotal day care cost ~- ]/ F% u: M7 Q7 h/ v' x
* m' l- H: T) P4 N& \* y* Wso the formula is: * B* @- q) R* _# }( E: E+ ~; U2 } ; w7 I% R1 T8 N" l% \+ |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.