factors to consider if purely from tax perspective:+ U* Q( Q; A# T' E
) p+ [: }+ e' z. [: t3 e6 N# m( gtotal additional income 8 D6 h- L1 Y/ m' d( }7 N9 b; n7 e. `
total taxes paid (assume it's not a cash job)6 t- Q; r" P7 i7 W% E
total tax credit transferrable to working spouse: ]/ F) F3 Z" s2 r. l
total tax credit for child day care 2 V& Z. O; a9 d( j* w# Q: @total day care cost 5 h3 x. W1 b( B( G7 L7 v) F7 e, H2 V* h9 s2 o, b0 @
so the formula is: 0 {' w$ @! g! n / e( r }6 e9 i. S: ktotal 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.