factors to consider if purely from tax perspective: 9 k4 Z7 U. w9 c 1 s' x" ~2 n9 W4 n# I- Qtotal additional income 7 s: t$ k: {& Q# N- q5 {total taxes paid (assume it's not a cash job)( m* ~" q, k1 Y! ~& ^+ _* Z
total tax credit transferrable to working spouse 8 J/ I+ U) ?" h1 m: rtotal tax credit for child day care + q5 y3 ^- L7 J5 l+ j* D2 w& atotal day care cost) d0 Q5 b! X; }4 n9 x; i
! @8 T0 P4 M& g0 xso the formula is: 2 B0 ]- h+ g! p3 i% d 5 q' v/ U" I2 E0 B9 O% `' _' Htotal 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.