TEKS: Chapter 113. Social Studies See All Teacher Resources

113.49.c.3

(3) Earning and spending. The student analyzes components of compensation from employment. The student is expected to:

• (A) identify benefits such as health insurance contributions, retirement benefits, sick leave, vacation pay, flexible spending account, health savings account, workers compensation, life insurance, and disability insurance;
• (B) identify taxes that are deducted from paychecks, including Federal Insurance Contributions Act (FICA) and federal income taxes; and
• (C) calculate gross and net pay using information on a paycheck.