Many tax forms require complicated calculations also table references to calculate a key value, or may require additional information that is only relevant in several cases. Rather than merging the calculations within the main form, they are often offloaded on a several worksheet. The worksheet may be incorporated within 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 example, in the United States, income tax is calculated from the payments made by corporate to employees. If taxes are significantly underwithheld, there is a penalty to the employee at the end of the year, also 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 incorrect, such as burdens, tax deductions, or income from other sources.
The W-4 form enables the employee to choose an exemption level to bring down the tax %factoring (to evade overwitheld), or establish an extra amount above the standard number (to evade underpayment). The form comes with two worksheets, 1 to calculate discounts, also another to calculate the outcome of other income (second job, spouse's job). The bottom number in each worksheet is utilized for 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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