Many tax forms need complicated calculations or table references to compute a key value, or may need additional information that is only relevant in some cases. Rather than incorporating the calculations into the main form, they are oftentimes offloaded on a separate worksheet. The worksheet may be merged into the filing package, or may only be a instrument 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 taken from the salary made by corporate to employees. If taxes are significantly unpaid, there is a penalty to the employee at the end of the year, or if they are overpayment, the employee gets a refund for the overpayment of taxes. There is a base formula for appraising the taxes that require to be paid, but certain tax elements may cause it to be incorrect, alike burdens, tax discounts, or income from another sources.
The W-4 form authorizes the employee to select an exemption level to lower the tax %factoring (to avoid overpayment), or define an additional amount over the basic amount (to avoid underpayment). The form comes with 2 worksheets, 1 to compute exemptions, or another to compute the result of another income (second job, wife job). The bottom numeral in each worksheet is used to fill out 2 if the lines in the main W4 form. The main form is filed with the employer, or the worksheets are discarded or held by the employee.
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