=+monthly employer-paid benefits, which includes health insurance, life insurance, and pension contributions totaling €700. Greta expects her federal and state income taxes to total about €1,200 per month. In addition, Hans and Greta have calculated that total additional expenses such as hiring a babysitter, clothing, personal expenses, meals away from home, and transportation related to Greta’s job could total €2,000 per month.

Does it make economic sense for them to hire the babysitter so that Greta can return to work? To answer this question, calculate the net income or loss from her possible return to work.