Many tax forms require complex calculations and table references to compute a key value, or may require additional data that is only relevant in some cases. Rather than incorporating the calculations within the main form, they are often offloaded on a different worksheet. The worksheet may be combined within the filing package, or may only be a tool for the filer to figure out the value, but without needing the worksheet to be filed.
As an instance, in the US, income tax is withheld from the salary 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 overpayment, the employee gets a refund for the overpayment of taxes. There is a base formula for assessing the taxes that need to be paid, but various tax elements may lead it to be wrong, alike dependents, tax deductions, or income from another sources.
The W-4 form enables the employee to choose an exclusion level to reduce the tax %factoring (to avoid overpayment), or establish an extra amount above the standard amount (to avoid underpayment). The form arrive with 2 worksheets, one to compute discounts, and another to compute the effects of another income (second job, wife job). The bottom numeral in each worksheet is utilized for fill out 2 if the lines in the main W4 form. The main form is filed with the employer, and the worksheets are disposed or held by the employee.
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