factors to consider if purely from tax perspective: + Q( a7 Y* }0 @ W ' w5 V1 ~3 N ntotal additional income & h& ?* U, }: n- [total taxes paid (assume it's not a cash job), [) h6 s( B. M0 ]3 t+ A) R
total tax credit transferrable to working spouse 7 K c) U! h0 u' ?& Dtotal tax credit for child day care 7 L$ e. J( A/ }: ktotal day care cost" f J# h/ K: P0 Y I3 N
& _# E( N+ ]% N
so the formula is:2 _2 ~+ J' C- F) [
3 t6 ?0 T W' m+ s& [# s0 O
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.