You're looking forward to your first paycheck. You figure that at $6.00 per hour, you should be getting $120 for the 20 hours you worked. When you open the envelope, you find that the check is for much less than $120. Where did the money go? The answer is … taxes! The government uses tax money to pay for social programs, national defense, and a variety of other programs and projects, including disaster relief.
Keep track of the different types of taxes you pay over the next week, such as sales and gas taxes. If you have a job, include tax deductions from your paycheck.