factors to consider if purely from tax perspective:- v7 V$ E t+ h' b" z7 U3 v
' [; Q3 X# J2 N8 `( Q4 z
total additional income ) t) E0 W! ]' r: c" R! x, [total taxes paid (assume it's not a cash job) . T& B, ~) i4 ]( ^) V: Ytotal tax credit transferrable to working spouse " [8 ^. X8 Z' J3 Stotal tax credit for child day care . S) q; F Q' Ltotal day care cost! I( H$ F. A: B- ^% H
: q9 ]2 S5 P3 `+ Y' `7 u1 sso the formula is:' X9 p( Z7 t# c# d: @6 D! K# p0 M
7 y# D2 [4 a! l; C+ ^: Htotal 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.