factors to consider if purely from tax perspective:, {/ J" q+ n% O+ v. T ^& v
" @: P1 D* y- g( @) |9 t
total additional income 8 \# q" `2 ]: J+ S" L5 x
total taxes paid (assume it's not a cash job) b# k9 g9 Q n% e5 S+ ?: Gtotal tax credit transferrable to working spouse- l1 S$ r2 Q5 B/ s8 `
total tax credit for child day care ^4 _; l! ^) x$ {
total day care cost 8 e( }4 }; C. ]8 w5 |$ q2 ?4 k6 X2 z4 U
so the formula is:7 `# h2 v: _2 x* i# D
. G2 `1 Z6 k: Utotal 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.