Many tax forms require complex calculations or table references to tally a key value, or may require extra information that is only relevant in several cases. Rather than combining the calculations within the primary form, they are oft offloaded on a several worksheet. The worksheet may be merged within the filing package, or may only be a instrument for the filer to figure out the value, but without requiring the worksheet to be filed.
As an instance, in the US, income tax is hold 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, or if they are overwitheld, the employee gets a refund for the overwitheld of taxes. There is a basic formula for assessing the taxes that require to be paid, but various tax elements may cause it to be wrong, alike burdens, tax discounts, or income from another sources.
The W-4 form allows the employee to opt an exemption level to degrade the tax %factoring (to avoid overwitheld), or establish an additional amount over the standard number (to avoid underpayment). The form comes with 2 worksheets, one to tally discounts, or the other to tally the outcome of another income (2nd job, spouse's 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, or the worksheets are discarded or kept by the employee.
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