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factors to consider if purely from tax perspective:
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. \/ s' X( D4 R0 Q4 ^3 etotal additional income 0 O/ ?1 Z, M% E+ \
total taxes paid (assume it's not a cash job)( Y7 m* b2 n7 `3 m0 c! o5 G. C) `4 [
total tax credit transferrable to working spouse
0 [7 q+ c+ @, o9 ytotal tax credit for child day care
. E: Y! A3 _/ K7 Q$ K# ftotal day care cost" d' q* T/ ?9 {! t0 a4 S: w
, m: \) c( p- h. ^/ fso the formula is:
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( X* T! W8 I8 z, ^- Q. Ttotal 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. |
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