Bmr Ch. 17

Front 1

How many types of pay may you receive?

Back 1

3

Front 2

As a Sailor, what action must you take in order
to get paid?

Back 2

Open a checking account only

Front 3

Pay you get for certain types of duty that are
usually considered hazardous.

Back 3

Incentive pay

Front 4

The pay you get that’s based on your paygrade
and length of service.

Back 4

Basic pay

Front 5

You are getting a selective reenlistment bonus.
What type of pay are you receiving?

Back 5

Special pay

Front 6

What is an allowance?

Back 6

Money used to reimburse you for expenses
necessary for you to do your job

Front 7

You are entitled to an annual clothing
maintenance allowance after you have been
on active duty for what length of time?

Back 7

12 months

Front 8

Which of the following offices can provide
you information about the types of allowances
to which you’re entitled?

Back 8

both:
2. Disbursing
3. Personnel

Front 9

How is your housing allowance shown on
the leave and earnings statement (LES)?

Back 9

BAH

Front 10

An allotment is money you have withheld
from your pay and paid directly to someone
else. There are how many categories of
authorized allotments?

Back 10

5

Front 11

What office should you notify if you think
that you’re being overpaid?

Back 11

Disbursing

Front 12

By looking at your LES, you can find the
amount of allowances you have earned (t/f).

Back 12

true

Front 13

Leave and liberty are times you’re authorized
to spend away from work and off duty. They
are combined on the LES (t/f).

Back 13

false

Front 14

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?

Back 14

30

Front 15

Regular liberty is usually granted as a 4-day
period (t/f).

Back 15

false

Front 16

Under certain circumstances, what is the
maximum number of days special liberty
a CO can grant?

Back 16

96 hours; 4 days

Front 17

Which of the following types of leave is NOT
charged to your earned, annual, or excess
leave account?

Back 17

Convalescent leave

Front 18

The safest and most convenient way for
you to keep track of your money is to open
a checking account (t/f).

Back 18

true

Front 19

Which of the following is one way you
can avoid bouncing a check?

Back 19

balance it

Front 20

Which of the following is/are types
of voluntary allotments?

Back 20

all:
1. Life insurance payments
2. Mortgage payments
3. Payment to family members

Front 21

Which of the following is/are types
of involuntary allotments?

Back 21

Garnishment of pay

Front 22

Which of the following is the key to
money management?

Back 22

Using a checking account

Front 23

The amount of money taken from pay for
income taxes, Social Security, SGLI, and
so forth.

Back 23

Deductions

Front 24

The money taken from gross income
to pay debts to the United States.

Back 24

Allotments

Front 25

The money paid to a member after all
deductions and allotments are paid.

Back 25

Net income

Front 26

Expenses that are the same each month.

Back 26

Fixed

Front 27

Of the following expenses, which one
is a fixed expense?

Back 27

rent

Front 28

You are planning a budget. What is the first
thing for which you should plan?

Back 28

savings

Front 29

According to the U.S. Department of Labor,
approximately what percentage of your
income should be budgeted for housing costs?

Back 29

25%

Front 30

Credit is buying now and paying later at
no extra cost (t/f).

Back 30

false

Front 31

What method, if any, can you use to find
the total amount you will pay for a loan?

Back 31

Subtract the price of the purchase from the
total amount you will pay for the loan

Front 32

Good credit is priceless for which
of the following reasons?

Back 32

in emergencies

Front 33

Which of the following are principles of using
credit?

Back 33

all:
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

Front 34

What is the maximum life insurance coverage
under the Serviceman’s Group Life Insurance
(SGLI) program?

Back 34

$200,000

Front 35

Who is responsible for the safety, health, and
well-being of your family?

Back 35

Yourself

Front 36

What is the result of abusive behavior of Navy
personnel?

Back 36

all:
1. Destroyed lives
2. Negative morale of the military unit
3. Bad reputation of the military in the
civilian community

Front 37

What program, if any, was established to help
families in distress?

Back 37

Family Advocacy Program (FAP)

Front 38

Victims of spouse or child abuse can report
incidents directly to which of the following
persons/activities?

Back 38

all:
1. FAO
2. FSC
3. Medical treatment center

Front 39

Stress happens when there is an imbalance
between the demands of our lives and the
means we have to deal with those demands (t/f).

Back 39

true

Front 40

What are the three means we can use to deal
with stress?

Back 40

Acceptance, attitude, and perspective

Front 41

How long are you covered by SGLI after separation?

Back 41

120 days, extended to 1 year for disability

Front 42

In what incriments is SGLI?

Back 42

$10,000

Front 43

Define interest:

Back 43

money charged for using credit