factors to consider if purely from tax perspective: 3 d& z/ O5 g* R9 ~, f! M: F8 g9 J/ B+ P% c! K. h# i
total additional income 2 J$ X9 `' k1 s' ?0 ?9 w8 ~total taxes paid (assume it's not a cash job)* |6 |) ~- N9 _9 Z3 u
total tax credit transferrable to working spouse $ _/ o8 m `4 H0 s5 q; O! u, Ptotal tax credit for child day care " p% q7 I' z- C6 g4 I- gtotal day care cost 2 t/ E. N' a7 Y ; r j ]2 G! `, Tso the formula is: * z6 Z1 X, U3 B % D0 R# U- r. n. u6 D6 M2 y. Ntotal 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.