factors to consider if purely from tax perspective: $ d$ F" Y- k: v& ]1 A5 L# J& W, [ B) v+ ?4 C W% |0 C7 x
total additional income + u0 L, F* s+ z8 V* f
total taxes paid (assume it's not a cash job)$ k' C& |5 d3 w. o
total tax credit transferrable to working spouse M0 g1 Q5 K ]# P9 l/ D
total tax credit for child day care + }) m) `+ M- w, Z) mtotal day care cost * |9 G q% q$ u $ X' ~" U3 q o# ]+ q+ {9 i2 Sso the formula is: / j4 _# e& U/ e& B 3 V: h9 ]8 P/ J6 Ltotal 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.