Many tax forms require complicated calculations and table references to compute 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 oft offloaded on a several worksheet. The worksheet may be combined into the filing package, or may only be a instrument for the filer to get the value, but without requiring the worksheet to be filed.
As an example, in the United States, income tax is withheld 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 overwitheld, the employee gets a refund for the overwitheld of taxes. There is a basic formula for appraising the taxes that require to be paid, but some tax factors may cause it to be wrong, alike dependents, tax deductions, or income from other sources.
The W-4 form permits the employee to select an exemption level to reduce the tax %factoring (to evade overwitheld), or set an additional amount over the standard number (to evade underpayment). The form comes with two worksheets, one to compute exemptions, and the other to compute the outcome of other income (2nd job, wife job). The bottom numeral 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, and the worksheets are disposed or kept by the employee.
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