factors to consider if purely from tax perspective:1 b! D, H3 @* o$ }3 x* f. {! b
! h( f' n9 _6 f& h. m
total additional income : q+ d& U+ m* u& W. H
total taxes paid (assume it's not a cash job) " m- @/ D I9 O0 jtotal tax credit transferrable to working spouse / D" r7 Z' Z6 {- ~. U4 H) ftotal tax credit for child day care : R% N% A3 D( z* _total day care cost' k/ n: U V$ ~: w
; V& ]8 G& ~9 P! k2 W
so the formula is: 7 z n# B* S( y, u! B. W y$ ?# J5 s. H# N
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.