Not exactly. If you are salaried and your pay is the same each pay period, you can come pretty close. On the Form W4 worksheet you can enter calculations based on your spouse income. This knowledge can assist in calculating additional withholdings if needed. If your pay fluctuates, then it is harder to calculate. I suggest using the TurboTax W Calculator that can be found using this link:
https://turbotax.intuit.com/tax-tools/calculators/w4/
