Many tax forms require complicated calculations or table references to calculate a key value, or may require supplemental data that is only relevant in some cases. Rather than combining the calculations into the main form, they are oftentimes offloaded on a different worksheet. The worksheet may be combined into the filing package, or may only be a instrument for the filer to get the value, but without requiring the worksheet to be filed.
As an instance, in the US, income tax is withheld from the salary made by company to employees. If taxes are significantly underwithheld, 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 basic formula for appraising the taxes that need to be paid, but several tax elements may lead it to be incorrect, alike dependents, tax deductions, or income from other sources.
The W-4 form authorizes the employee to select an exclusion level to reduce the tax elementing (to evade overpayment), or define an extra amount over the standard amount (to evade underpayment). The form comes with 2 worksheets, 1 to calculate exemptions, or the other to calculate the effects of other income (2nd job, spouse's job). The bottom numeric in each worksheet is utilized for 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 kept by the employee.
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