factors to consider if purely from tax perspective:) O5 ~8 U7 n3 T. N
8 S$ X5 Z; I3 G7 B7 r- rtotal additional income : h- I; f. J4 w! a; r
total taxes paid (assume it's not a cash job)* X" U- @- K, b) d
total tax credit transferrable to working spouse " L; q2 e$ z3 u7 Ktotal tax credit for child day care- O: \9 Q R+ [
total day care cost, O- W$ \, _ E/ C5 x- D- p
1 G2 f* \3 ~1 o1 i7 h
so the formula is: 9 U! c) `; S6 f0 y( j" E8 F( ?- U) x0 W1 f/ V
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.