factors to consider if purely from tax perspective:8 u0 E" _. _4 ^9 s
1 k) a$ s% {: r4 I9 Z
total additional income / b) T/ @) b2 ~& { [+ j; {! L
total taxes paid (assume it's not a cash job)0 O. R6 u; i+ e
total tax credit transferrable to working spouse 0 ?1 Y, [) C# U Q3 T% U% Ltotal tax credit for child day care 5 {. Q6 w3 j' m. ?: Q" T8 }& I/ A4 V etotal day care cost1 \ c; G6 y# g: c% {+ o- _
' V# j2 j6 g1 @6 P1 }+ U2 c f
so the formula is:% [! I- N1 q3 ^0 K# Y" [' l% F" s" f
$ r) n; B2 v9 p5 H8 _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.