VIDEO: If Paychecks Could Talk           
Some people are surprised when they get their paycheck and the amount of money they receive is lower than they expected. This is often because they don’t know about things like state taxes, federal taxes, and the Federal Insurance Contributions Act (FICA). Watch the video to learn more about the withholdings from your paycheck. Then, answer the questions on your worksheet.

EDPUZZLE: How to Read a Pay Stub  
Now that you understand why some money is taken out of your paycheck, let’s dig a little deeper into how that impacts the amount of money that actually ends up in your bank account. Watch this video and answer the questions on your worksheet.

LEARNING TARGETS:

• I can read and understand a pay stub.
• I can compare mandatory and discretionary government spending.
• I can explain the difference between gross and net pay.
• I can analyze the different categories of discretionary government spending.