factors to consider if purely from tax perspective: ' w9 t9 \6 D* s5 [ ! V5 A% P( V/ a! ntotal additional income ! W* _3 A: B1 @! I3 L1 e" c
total taxes paid (assume it's not a cash job) - n d- X. C. Q5 e! a0 Xtotal tax credit transferrable to working spouse1 C8 s6 k# j; U( _- d2 E! n/ E
total tax credit for child day care' b3 o" h% c: R8 X; c/ S1 t
total day care cost1 N% l9 [9 A: B% L' ~ R# z1 e3 o8 n9 i
; i) K2 o h+ P3 { g# Q5 Qso the formula is: . ]& ^! x, x! K l7 u6 {; W1 D; Z2 S
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.