factors to consider if purely from tax perspective: 8 \. f8 Z1 t- S) H0 [$ |! a4 p % p2 u) e4 K4 {& E" ^total additional income 2 W0 [+ G( r/ @) s4 N$ c/ O; Mtotal taxes paid (assume it's not a cash job), Z! p( T/ T" c+ `* k
total tax credit transferrable to working spouse+ k6 J5 q2 z/ @ z6 J1 @
total tax credit for child day care: r( e5 l1 L, r: F
total day care cost . S5 }* P+ d6 C6 Z" A( j2 }% y% a" l6 a1 i2 d9 N1 O
so the formula is:" G, e: y+ e1 d5 s, ]1 ~
6 l7 r u- W9 S+ G- n% E
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.