factors to consider if purely from tax perspective:1 @" F$ |; l7 W$ A, u
6 ~1 \8 Q, e6 c2 Btotal additional income 2 @: R! B; A6 C! s
total taxes paid (assume it's not a cash job) 8 F$ ~2 l4 P0 w0 Z2 R- f; Atotal tax credit transferrable to working spouse) J7 D1 M- q0 y! i
total tax credit for child day care 8 l) Z, W% v! M3 L, z- V; q( ktotal day care cost# {; F$ H" S. c- \1 t
3 D/ h" E' I _& f4 f0 }1 Q
so the formula is:/ T- F# f% @. d( Q/ N. c
* n' W2 U3 U) X3 {: q' l( x- F. 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.