Many tax forms require complicated calculations and table references to count a key value, or may require additional data that is only relevant in some cases. Rather than incorporating the calculations within the primary form, they are oftentimes offloaded on a different worksheet. The worksheet may be merged within the filing package, or may only be a equipment for the filer to get the value, but without requiring the worksheet to be filed.
As an example, in the US, income tax is withheld 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, and 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 certain tax elements may lead it to be incorrect, alike dependents, tax discounts, or income from another sources.
The W-4 form permits the employee to select an exemption level to lower the tax %factoring (to avoid overwitheld), or specify an additional amount above the basic amount (to avoid underpayment). The form arrive with 2 worksheets, 1 to count discounts, and the other to count the outcome of another income (second job, husband job). The bottom number in each worksheet is utilized for fill out 2 if the lines in the primary W4 form. The primary form is filed with the employer, and the worksheets are disposed or held by the employee.
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