factors to consider if purely from tax perspective: 1 n' {; e5 l" J) B, ^0 C( k 5 I& \2 `5 q( |0 ptotal additional income : V$ Q! e2 q0 h. R) _! n
total taxes paid (assume it's not a cash job) + B! A3 T- S3 |total tax credit transferrable to working spouse u6 P9 i M7 P/ x9 H- }
total tax credit for child day care 7 U! f- a1 y2 d3 B# B2 xtotal day care cost 7 v) s* x6 I+ k" }- ` , e' X/ b! a: q# fso the formula is:. T6 m- {, {8 p# `2 i
2 ]$ s. l; B/ b' r
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.