factors to consider if purely from tax perspective:& `. ]7 L9 N2 Q5 F+ V
+ A2 @# N# y3 @$ j5 h$ m6 mtotal additional income - a }, X, _/ l. |4 G
total taxes paid (assume it's not a cash job)# w" g& [2 e+ r, P
total tax credit transferrable to working spouse+ B5 z9 ]5 X$ i
total tax credit for child day care1 Z) `# r1 y9 _3 `+ J
total day care cost 7 i1 W' s% `3 x' X . B9 W6 \) X" u( rso the formula is:- l6 ?( a# M' x t4 R' Y
! K/ ]' }4 r: V4 p& r$ i) A
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.