factors to consider if purely from tax perspective:" ^0 p+ k- K) {, @, o1 M' H
% ]3 e# u3 } m5 L
total additional income o% o/ z4 Y" N2 A2 jtotal taxes paid (assume it's not a cash job) 4 K g( d$ L* Htotal tax credit transferrable to working spouse 3 [" _! A" D6 J) v& d( P1 Stotal tax credit for child day care 8 S# r- J& ~4 E* [& k% Gtotal day care cost 0 Y4 \# w$ {! @) i5 p/ s# Y8 j2 m ! i; S' o/ t" R& P. y$ K4 zso the formula is: ' t: V8 ^# U) D3 H. P: D/ I& [% I: y: `+ P, a. p; a6 h- z
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.