Many tax forms require complex calculations and table references to tally a key value, or may require supplemental data that is only relevant in some cases. Rather than incorporating the calculations into the primary form, they are often 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 US, income tax is hold from the payments made by company 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 assessing the taxes that require to be paid, but certain tax factors may cause it to be wrong, alike dependents, tax discounts, or income from other sources.
The W-4 form enables the employee to select an exemption level to degrade the tax %factoring (to avoid overpayment), or set an extra amount above the standard amount (to avoid underpayment). The form arrive with 2 worksheets, 1 to tally exemptions, and another to tally the outcome of other income (2nd job, wife job). The bottom numeral in each worksheet is utilized for fill out 2 if the lines in the primary W4 form. The primary form is filed with the employer, and the worksheets are disposed or held by the employee.
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