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 transporation 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 Benefts 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: (%) State marginal income tax bracket: (%)   Would earnings be 'self-employment' income? No Yes