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53 Cards in this Set

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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.
The three types of pay are—
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.
How many days of leave do you earn per year?
You earn 30 days a year or 2.5 days of leave per month.
The CO may grant how many days of special liberty?
The CO may grant 3- or 4-day special liberty periods.
What is the safest and most convenient way to keep track of the money you spend?
A checking account is the safest and most convenient way to keep track of the money you spend.
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.
When service members or their families are a victim of spousal or child abuse, what Navy program was established to help them?
The Family Advocacy Program was established to help service members or their families when they are a victim of spousal or child abuse.
List some of the ways that the FAP can help a family.
The FAP can help a family through—
a. Education programs
b. Counseling
c. Intervention in cases of abuse
How does stress occur?
Stress occurs when there’s an imbalance between the demands of our lives and resources we have to deal with those demands.
What’s the first step when dealing with stress?
The first step to take when dealing with stress is to identify your stressors; that is, find out what causes the stress.
List some of the ways you can combat stress.
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
How many types of pay may you receive?
Three
As a Sailor, what action must you take in order to get paid?
Open a savings or a checking account
What type of pay you get for certain types of duty that are usually considered hazardous?
Incentive pay
What type of pay do you get based on your paygrade and length of service?
Basic pay
What type of pay is a selective reenlistment bonus?
Special pay
What is an allowance?
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?
12 months
Which of the following offices can provide you information about the types of allowances to which you’re entitled?
Disbursing and Personnel
How is your housing allowance shown on the leave and earnings statement (LES)?
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?
Five
What office should you notify if you think that you’re being overpaid?
Disbursing
True or False. By looking at your LES, you can find the amount of allowances you have earned.
True
True or False. Leave and liberty are times you’re authorized to spend away from work and off duty. They are combined on the LES.
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?
30
True or False. Regular liberty is usually granted as a 4-day period.
False
Under certain circumstances, what is the maximum number of days special liberty a CO can grant?
4 days
Which type(s) of leave is NOT charged to your earned, annual, or excess leave account?
Convalescent leave
What form should you use to request either regular or emergency leave?
NAVCOMPT Form 3065
True or False. The safest and most convenient way for you to keep track of your money is to open a checking account.
True
Which of the following is one way you can avoid bouncing a check?
Balance your checkbook
Which of the following is/are types of voluntary allotments?
Life insurance payments
Mortgage payments
Payment to family members
Which of the following is/are types of involuntary allotments?
Garnishment of pay
Which of the following is the key to money management?
Using a budget
What term is defined as the amount of money taken from pay for income taxes, Social Security, SGLI, and so forth?
Deductions
What term is defined as the money taken from gross income to pay debts to the United States.
Allotments
What term is defined as the money paid to a member after all deductions and allotments are paid.
Net income
What term is defined as expenses that are the same each month.
Fixed expenses
You are planning a budget. What is the first thing for which you should plan?
Savings
According to the U.S. Department of Labor, approximately what percentage of your income should be budgeted for housing costs?
25%
Good credit is priceless for which of the following reasons?
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
What is the maximum life insurance coverage under the Serviceman’s Group Life Insurance (SGLI) program?
$400,000
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
What program, if any, was established to help families in distress?
Family Advocacy Program (FAP)
Victims of spouse or child abuse can report incidents directly to which of the following persons/activities?
FAO, FSC, Medical treatment center
True or False. Stress happens when there is an imbalance between the demands of our lives and the means we have to deal with those demands.
True
What are the three means we can use to deal with stress?
Acceptance, attitude, and perspective