Many tax forms need complicated calculations and table references to calculate a key value, or may need extra data that is only relevant in several cases. Rather than incorporating the calculations within the primary form, they are oftentimes offloaded on a several worksheet. The worksheet may be merged within the filing package, or may only be a tool for the filer to get the value, but without needing the worksheet to be filed.
As an instance, in the United States, income tax is hold from the payments made by employers to employees. If taxes are significantly unpaid, 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 settled, but several tax elements may cause it to be wrong, alike burdens, tax discounts, or income from other sources.
The W-4 form enables the employee to pick an exemption level to reduce the tax elementing (to evade overpayment), or establish an extra amount above the basic number (to evade underpayment). The form arrive with 2 worksheets, one to calculate exemptions, and another to calculate the effects of other income (2nd job, wife job). The bottom number in each worksheet is used to 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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