Many tax forms require complex calculations also table references to calculate a key value, or may require extra information that is only relevant in several cases. Rather than incorporating the calculations into the main form, they are oft offloaded on a separate worksheet. The worksheet may be combined into 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 instance, in the USA, income tax is hold 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, also if they are overpayment, the employee gets a refund for the overpayment of taxes. There is a basic formula for assessing the taxes that need to be paid, but several tax factors may lead it to be wrong, such as dependents, tax deductions, or income from other sources.
The W-4 form enables the employee to opt an exclusion level to reduce the tax elementing (to avoid overpayment), or establish an extra amount over the basic number (to avoid underpayment). The form arrive with two worksheets, 1 to calculate discounts, also the other to calculate the outcome of other income (second job, wife job). The bottom numeric in each worksheet is used to fill out two if the lines in the main W4 form. The main form is filed with the employer, also the worksheets are discarded or kept by the employee.
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