Many tax forms require complicated calculations or table references to count a key value, or may require additional information that is only relevant in some cases. Rather than incorporating the calculations into the main form, they are oftentimes offloaded on a separate worksheet. The worksheet may be merged into the filing package, or may only be a instrument 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 company to employees. If taxes are significantly unpaid, there is a penalty to the employee at the end of the year, or if they are overpayment, the employee gets a refund for the overpayment of taxes. There is a base formula for estimating the taxes that need to be paid, but certain tax elements may lead it to be wrong, alike burdens, tax discounts, or income from another sources.
The W-4 form permits the employee to choose an exclusion level to degrade the tax elementing (to avoid overpayment), or assign an additional amount over the standard number (to avoid underpayment). The form comes with two worksheets, 1 to count exemptions, or another to count the outcome of another income (2nd job, wife job). The bottom numeric 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, or the worksheets are disposed or held by the employee.
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