Many tax forms require complicated calculations and table references to compute a key value, or may require extra information that is only relevant in some cases. Rather than combining the calculations within the main form, they are oft offloaded on a different worksheet. The worksheet may be incorporated 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 United States, income tax is taken 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, and if they are overpayment, the employee gets a refund for the overpayment of taxes. There is a base formula for assuming the taxes that need to be paid, but several tax elements may cause it to be wrong, alike dependents, tax discounts, or income from other sources.
The W-4 form enables the employee to pick an exclusion level to drop the tax elementing (to evade overpayment), or specify an additional amount over the basic amount (to evade underpayment). The form arrive with 2 worksheets, one to compute discounts, and the other to compute the result of other income (2nd 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 kept by the employee.
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