Many tax forms need complex calculations or table references to compute a key value, or may need supplemental data that is only relevant in some cases. Rather than merging the calculations into the main form, they are oftentimes offloaded on a several 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 needing the worksheet to be filed.
As an instance, in the USA, income tax is withheld from the salary 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 overwitheld, the employee gets a refund for the overwitheld of taxes. There is a basic formula for assuming the taxes that require to be settled, but some tax elements may cause it to be wrong, such as burdens, tax discounts, or income from other sources.
The W-4 form allows the employee to opt an exemption level to reduce the tax elementing (to avoid overwitheld), or define an extra amount over the basic amount (to avoid underpayment). The form arrive with two worksheets, 1 to compute discounts, or the other to compute the effects of other income (second job, spouse's job). The bottom number 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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