factors to consider if purely from tax perspective:+ p+ X$ y! y8 M1 [+ \9 [7 O5 `: E
7 O6 B+ N. ^: T& e! r3 D* i7 ?& Ytotal additional income . y7 s+ G0 [3 m' u# Itotal taxes paid (assume it's not a cash job) ' ^0 v( s1 _. X4 E# mtotal tax credit transferrable to working spouse $ R- q' `! x8 i5 c$ L7 ^% J4 |, d: t: ~total tax credit for child day care 6 ^8 A. T+ N: B1 _7 i7 P: @total day care cost $ ]" l! [, d: V# R7 \5 v : I# Q. D' x; ]: M5 I. j- tso the formula is: : U1 x5 L) D/ W3 j% l O* M! S. F- J) y1 t, A- Z0 E
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.