Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
53 Cards in this Set
- Front
- Back
|
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
|
