factors to consider if purely from tax perspective:( A1 U3 g/ o* D L3 U* S
1 S3 _2 M6 Y+ I5 j
total additional income ! {3 A* S6 t' |$ g
total taxes paid (assume it's not a cash job) 5 ^7 {! @1 S! ^- ~# g- W- U; mtotal tax credit transferrable to working spouse * |4 g1 ?' ]/ A0 ^* l+ w, [# P Xtotal tax credit for child day care 4 K" w+ \, W6 stotal day care cost* a3 l5 G& c' ]2 F' X% q2 G
4 x8 r" c9 c8 u' q8 [* M5 cso the formula is: & d0 l8 ^" e* a3 z ' p- G) }& _& e' xtotal 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.