factors to consider if purely from tax perspective: # m: H& N+ g8 n8 E [7 s% ^) N0 u/ m5 Q) @) R- z
total additional income 0 W" ~8 H6 B2 \0 K& H
total taxes paid (assume it's not a cash job); v7 s/ g! ?" w. A
total tax credit transferrable to working spouse 9 I( ]) ~; U: C/ C7 Vtotal tax credit for child day care . U. y0 b8 S) B3 p) Y5 f& D! ?total day care cost- D6 L6 l+ R4 c( F% }
$ {" K9 ^& I* pso the formula is: X9 I# E; ]( l0 C
; w; Q ]& O. j x4 B& C% n4 ?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.