There is a very well made and comprehensive YouTube video entitled, Label Reading 101, in which a kid talks about reading food labels. Please take a look at it here. The following two videos are other kid-friendly videos that address this subject.
Here is another table that illustrates the freedom that food manufacturers are given based on how the FDA allows them to manipulate the numbers. The real deception comes from the fact that this manipulation is done per serving. If a given packet has several servings and the content of the packet is consumed all at once what was previously insignificant becomes quite meaningful and impactful.
Here is a very well informative and concise video that highlights misleading food labels.
ONE MINUTE TIMER