Should my spouse work

 
If you've just had a baby and are planning to quit working (or if it's the husband reading this, if your spouse is planning to quit work), here is a little help!

Use this tool to find out if it makes financial sense to quit.

Spouse's Annual take home : 518
Less - Work related expenses : 816
Add - Opportunity cost of not working : 96
Extra income if spouse works : -202
As you will not earn extra household income if your spouse works, it does not make sense for her to continue working.

  Income Monthly Income per annum
  Spouse's monthly income
  Spouse's tax rate %
  Net income after Tax
Monthly expenses if spouse working
  Child care
  Work transportation
  Work related clothes
  Housekeeping
  Children's entertainment
  Eating out
  Others
Extra life insurance as wife will be dependent
Extra medical insurance for wife

Result

Remaining Monthly Income Remaining Annual Income
0
0