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56 Cards in this Set

  • Front
  • Back
How many types of pay may you receive?
1. One
2. Two
3. Three
4. Four
3. Three
As a Sailor, what action must you take in order to get paid?
1. Open a savings account only
2. Open a checking account only
3. Open a savings or a checking account
3. Open a savings or a checking account
Pay you get for certain types of duty that are usually considered hazardous.
1. Basic pay
2. Incentive pay
3. Special pay
4. Both 2 and 3 above
2. Incentive pay
The pay you get that’s based on your paygrade and length of service.
1. Basic pay
2. Incentive pay
3. Special pay
1. Basic pay
You are getting a selective reenlistment bonus.
What type of pay are you receiving?
1. Incentive pay
2. Basic pay
3. Special pay
3. Special pay
What is an allowance?
1. Money used to reimburse you for expenses necessary for you to do your job
2. Money used to pay you for expenses
unnecessary for you to do your job
3. Money paid for services rendered
4. Money paid for longevity
1. Money used to reimburse you for expenses necessary for you to do your job
You are entitled to an annual clothing
maintenance allowance after you have been on active duty for what length of time?
1. 12 months
2. 6 months
3. 3 months
4. 9 months
2. 6 months
Which of the following offices can provide you information about the types of allowances to which you’re entitled?
1. Education services office
2. Disbursing
3. Personnel
4. Both 2 and 3 above
4. Both 2 and 3 above
How is your housing allowance shown on
the leave and earnings statement (LES)?
1. BAQ only
2. VHA only
3. BAQ and VHA
4. BAH
4. BAH
An allotment is money you have withheld
from your pay and paid directly to someone else. There are how many categories of authorized allotments?
1. Six
2. Five
3. Three
4. Four
2. Five
What office should you notify if you think that you’re being overpaid?
1. Division
2. Disbursing
3. Admin
4. ESO
2. Disbursing
By looking at your LES, you can find the amount of allowances you have earned.
1. True
2. False
1. True
Leave and liberty are times you’re authorized to spend away from work and off duty. They are combined on the LES.
1. True
2. False
2. False
You earn a certain number of leave days each year you serve on active duty. What is the maximum number of days of leave you can earn in a year?
1. 10
2. 20
3. 30
4. 40
3. 30
Regular liberty is usually granted as a 4-day period.
1. True
2. False
2. False
Under certain circumstances, what is the maximum number of days special liberty a CO can grant?
1. 1 day
2. 2 days
3. 3 days
4. 4 days
4. 4 days
Which of the following types of leave is NOT charged to your earned, annual, or excess leave account?
1. Authorized regular leave
2. Convalescent leave
3. Sick leave
4. Recovery leave
2. Convalescent leave
What form should you use to request either regular or emergency leave?
1. NAVCOMPT Form 3065
2. NAVCOMPT Form 3180
3. BUPERS Form 3065
4. BUPERS Form 3180
1. NAVCOMPT Form 3065
The safest and most convenient way for
you to keep track of your money is to open a checking account.
1. True
2. False
1. True
Which of the following is one way you
can avoid bouncing a check?
1. Only use debit cards
2. Balance your checkbook
3. Always pay cash
4. Get a second job
2. Balance your checkbook
Which of the following is/are types
of voluntary allotments?
1. Life insurance payments
2. Mortgage payments
3. Payment to family members
4. All of the above
4. All of the above
Which of the following is/are types
of involuntary allotments?
1. CFC pledges
2. Purchase of U.S. savings bonds
3. Garnishment of pay
4. All of the above
3. Garnishment of pay
Which of the following is the key to
money management?
1. Using a budget
2. Using an ATM
3. Using a checking account
4. Each of the above
1. Using a budget
The amount of money taken from pay for
income taxes, Social Security, SGLI, and so forth.
1. Allotments
2. Deductions
3. Fixed expenses
4. Net income
2. Deductions
The money taken from gross income
to pay debts to the United States.
1. Allotments
2. Gross income
3. Fixed expenses
4. Net income
1. Allotments
The money paid to a member after all
deductions and allotments are paid.
1. Deductions
2. Fixed expenses
3. Gross income
4. Net income
4. Net income
Expenses that are the same each month.
1. Allotments
2. Deductions
3. Fixed
4. Net income
3. Fixed
Of the following expenses, which one
is a fixed expense?
1. Clothes
2. Rent
3. Savings
4. Food
2. Rent
You are planning a budget. What is the first thing for which you should plan?
1. Clothes
2. Rent
3. Savings
4. Food
3. Savings
According to the U.S. Department of Labor, approximately what percentage of your income should be budgeted for housing costs?
1. 15%
2. 20%
3. 25%
4. 30%
3. 25%
Credit is buying now and paying later at no extra cost.
1. True
2. False
2. False
What method, if any, can you use to find the total amount you will pay for a loan?
1. Add the price of the purchase to the total amount of the loan
2. Subtract the price of the purchase from the total amount you will pay for the loan
3. None
2. Subtract the price of the purchase from the total amount you will pay for the loan
Good credit is priceless for which
of the following reasons?
1. Buying a house
2. In emergencies
3. Making big purchases
2. In emergencies
Which of the following are principles of using credit?
1. Don’t use credit for splurging
2. Make as large a down payment as possible
3. Use credit to purchase goods that will last for a long time
4. Each of the above
4. Each of the above
What is the maximum life insurance coverage under the Serviceman’s Group Life Insurance (SGLI) program?
1. $100,000
2. $150,000
3. $200,000
4. $250,000
3. $200,000
Who is responsible for the safety, health, and well-being of your family?
1. Yourself
2. The Navy
3. Your spouse
4. The government
1. Yourself
What is the result of abusive behavior of Navy personnel?
1. Destroyed lives
2. Negative morale of the military unit
3. Bad reputation of the military in the civilian community
4. All of the above
4. All of the above
What program, if any, was established to help families in distress?
1. Case Review Committee (CRC)
2. Family Advocacy Program (FAP)
3. Family Advocacy Committee (FAC)
4. None
2. Family Advocacy Program (FAP)
Victims of spouse or child abuse can report incidents directly to which of the following persons/activities?
1. FAO
2. FSC
3. Medical treatment center
4. All of the above
4. All of the above
Stress happens when there is an imbalance between the demands of our lives and the means we have to deal with those demands.
1. True
2. False
1. True
What are the three means we can use to deal with stress?
1. Acceptance, attitude, and perspective
2. Attitude, avoidance, and perspective
3. Acceptance, avoidance, and perspective
4. Acceptance, avoidance, and rejection
1. Acceptance, attitude, and perspective
What’s the main difference between pay and allowance?
The main difference between pay and allowance is that pay is taxable income and allowance is nontaxable income.
List the three types of pay the Navy uses.
a. Basic
b. Incentive
c. Special
What system is used to deposit Navy personnel paychecks?
The Navy uses the Direct Deposit System
(DDS) to deposit personnel paychecks.
As an E-4, you have served more than 4 years of active-duty service. How often will you receive a longevity raise?
When you have served more than 4 years of active-duty service, you will receive a longevity raise every 2 years.
How often do you receive your clothing
maintenance allowance?
You receive your clothing maintenance
allowance once a year.
What person is responsible for making sure your paycheck and LES are accurate?
You are responsible for making sure your paycheck and LES are correct.
You have paid for an item with a check; however,you don’t have enough money in your checking account to cover the check. What is the result of
this action?
you have bounced a check. You are usually charged a fee by the bank to process this check and charged a
fee by the company you wrote the check to.
You are having money taken out of your pay to make loan payments. What type of allotment are you making?
When you have money taken out to make loan payments, you have a voluntary allotment.
The money charged for using borrowed money or using credit is known as—
The money you’re charged to use borrowed money is known as interest.
If total charges of a loan or purchases agreement are not listed, what is a simplest way to find the total cost of credit?
The simplestway to find the total cost of credit is to subtract the actual price of goods from the total amount of the loan.
How do you establish a good credit rating?
You establish good credit by paying loans or purchase agreements according to your contract and on time.
You can secure SGLI in what increments?
SGLI is available in increments of $10,000 only.
You have separated from the service. You will be covered by SGLI for up what maximum number of days after your separation?
Normally, you are covered for a maximum of 120 days after separation from the service.
Some of the ways you can combat stress are
a. Exercise
b. Diet
c. Meditation
d. Laughter
e. Relaxation techniques
f. Involvement with outside activities
Does each command have a FAP
• Each command has a FAP. The CO at each command appoints a family advocacy officer (FAO)