Should my spouse enter the work force?

A working spouse can provide additional needed household income. However, when making your decision, you need to look at the net income generated by a working spouse not simply the gross income. Factors such as health insurance savings, increased daycare expenses, additional transportation costs, etc. need to be considered. Use this calculator to help determine the potential additional take-home pay.
Current Monthly Expenses
Daytime child care (if applicable) ($) 
Life insurance premiums ($) 
Medical insurance premiums ($) 
Monthly Salary and Benefits
Potential gross monthly income ($) 
Proposed 401(k) plan contribution (% of salary)> (%) 
Employer match (%) 
Maximum employer match (%) 
Life insurance premiums you will pay ($) 
Medical insurance premiums you will pay ($) 
Monthly Work-Related Expenses
Business entertaining ($) 
Child care ($) 
Clothing ($) 
Housekeeping ($) 
Meals ($) 
Transportation ($) 
Income Tax Information
Federal marginal tax bracket (%)help
State marginal income tax bracket (%) 
Would earnings be 'self-employment' income? 
Your Email Address
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