Are two wage earners really better than one?

Does it make sense for both you and your spouse to work? You might be surprised to know that adding a second salary doesn't always contribute much financially. To help determine what's best for your household, you'll need to consider the additional work-related expenses incurred as a result, such as child care and commuting costs. Use the Adding a Second Income Calculator to figure out how adding a second wage-earner to your household will affect your net income level, and help you decide whether it's worthwhile.

Results

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Adding another salary would change your annual household income by	$3,350
Additional dollars earned per hour	$3.35
Additional income from second wage earner	$20,000
Additional tax incurred	$5,250
Additional related expenses	$11,400
Net additional household income	$3,350

The additional dollar earned per hour is calculated based on 50 work weeks in a year.