Many tax forms require complex calculations and table references to tally a key value, or may require extra information that is only relevant in some cases. Rather than combining the calculations into the primary form, they are oftentimes offloaded on a different worksheet. The worksheet may be incorporated into the filing package, or may only be a equipment for the filer to get the value, but without requiring the worksheet to be filed.
As an instance, in the United States, income tax is withheld from the salary made by employers 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 base formula for assessing the taxes that require to be paid, but various tax factors may lead it to be wrong, alike dependents, tax deductions, or income from other sources.
The W-4 form enables the employee to select an exemption level to degrade the tax elementing (to evade overwitheld), or assign an extra amount above the standard amount (to evade underpayment). The form arrive with 2 worksheets, one to tally discounts, and the other to tally the effects of other income (second 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 discarded or kept by the employee.
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