factors to consider if purely from tax perspective: ! _- `3 W' e4 T5 U* d( \$ B6 Y j4 K, `. p
total additional income 4 J; Y; ~3 f5 [* ~+ ototal taxes paid (assume it's not a cash job) . m+ n( ~% b9 s' g5 p2 g0 {/ N* jtotal tax credit transferrable to working spouse m; f& C3 X4 g" A5 m
total tax credit for child day care # }0 N) P0 u, h# @) s) ~total day care cost 5 J8 q8 o* D; b8 S( o 9 A. ^0 L1 o, g: m1 N& Rso the formula is:. J4 M' p( F9 ^ k N5 X" m
+ M" ^* P) O( Rtotal 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.