factors to consider if purely from tax perspective: / U5 x" \$ D z' W2 L' F3 U! V# [# S l# P# A
total additional income & i; m2 Q7 _" E. x
total taxes paid (assume it's not a cash job) ; w! X4 O; f8 a; q; b5 Wtotal tax credit transferrable to working spouse 9 x" c& u" y, I) S/ R; `total tax credit for child day care $ }4 i/ p4 `. ztotal day care cost 1 U& a5 W1 |4 | ' w. m8 ?# M. t+ A5 ~) Zso the formula is:: K+ h& B' A* Z* i
2 l% Y Y! h B [
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.