factors to consider if purely from tax perspective: 6 B1 Q2 X" P6 h& s( Z1 p7 t- ^ K$ ?3 ?
total additional income 4 m0 G% c `2 ^% ]8 j
total taxes paid (assume it's not a cash job) + R' M' p) I6 E8 W* Ktotal tax credit transferrable to working spouse! |. J5 z' Y2 K+ E" s
total tax credit for child day care* Y9 Y: u) p/ \ U* n
total day care cost * o7 K4 m' x" i' q2 D. W9 |' T- h" K- V
so the formula is:3 @: X6 Y) r/ M
- O& E* q# \' a# D
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.