Many tax forms need complicated calculations or table references to calculate a key value, or may need additional information that is only relevant in several cases. Rather than incorporating the calculations into the primary form, they are often offloaded on a separate worksheet. The worksheet may be merged into the filing package, or may only be a equipment for the filer to figure out the value, but without requiring the worksheet to be filed.
As an instance, in the United States, income tax is taken from the payments made by corporate to employees. If taxes are significantly unpaid, there is a penalty to the employee at the end of the year, or if they are overwitheld, the employee gets a refund for the overwitheld of taxes. There is a base formula for assessing the taxes that require to be settled, but various tax elements may lead it to be wrong, alike dependents, tax deductions, or income from other sources.
The W-4 form enables the employee to choose an exemption level to reduce the tax %factoring (to evade overwitheld), or establish an extra amount above the standard amount (to evade underpayment). The form arrive with two worksheets, 1 to calculate discounts, or another to calculate the outcome of other income (2nd job, husband job). The bottom numeral in each worksheet is used to fill out two if the lines in the primary W4 form. The primary form is filed with the employer, or the worksheets are discarded or kept by the employee.
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