factors to consider if purely from tax perspective: ! A9 V. D1 d8 V" F * G" v; A! J+ H" ]% k# g4 w/ }; mtotal additional income 9 B% t, b5 w0 z
total taxes paid (assume it's not a cash job)2 m" |7 z; l8 t1 ^8 e
total tax credit transferrable to working spouse- A9 V* }( w$ o2 W J; W" l
total tax credit for child day care" X2 Y# ~! ?7 W0 W
total day care cost # u- M* g# M0 T4 b# x , A* ?4 J x9 w6 p6 n7 ?7 Q9 Lso the formula is: 1 j: U) w, b- i+ E. F3 f. P$ w 1 @/ {/ x% P* V3 x6 wtotal 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.