factors to consider if purely from tax perspective:) \* @6 W& d2 m2 u
0 p) x& Y/ P0 B4 t" k+ Ctotal additional income ( l7 M/ N. v; K9 R: G% [8 _( stotal taxes paid (assume it's not a cash job)& A0 W. t% ` w
total tax credit transferrable to working spouse " `, R7 u$ e/ \; v5 N1 Ptotal tax credit for child day care & m5 ^( f& L6 f# itotal day care cost# T0 v( N l) b/ v0 y! F. ^! j- l. \* t
2 b0 t/ T: ]( l% k! u; g
so the formula is: 6 Q, ^9 H7 l7 R& L* D0 j) X* l/ A7 q : x1 t! c+ p" z0 U, V: Q) wtotal 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.