factors to consider if purely from tax perspective: , r" \4 h6 }" j$ l( O8 g9 [0 h8 [
total additional income 4 A- O8 v! ^6 x$ Z* R8 p' ~total taxes paid (assume it's not a cash job)% g H# |! c& @3 @, t3 U1 ]
total tax credit transferrable to working spouse |- X+ ~: P2 Z( v" R* k6 v* y
total tax credit for child day care" V& Y" i+ K+ D+ v$ {9 C( c
total day care cost ; X, K& D$ x9 c) }* s8 ?& i0 N9 O3 _! U+ c2 ^- a
so the formula is: 0 \3 i) B$ a' t; S6 e9 } ( k( h6 J. p" J% B) Vtotal 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.