U.s. Navy Bmr Assignment 12 Chapter 17 “Financial Management And Stress Management.”

Front 1

01. How many types of pay may you receive?

Back 1

3. Three

Front 2

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

Back 2

3. Open a savings or a checking account

Front 3

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

Back 3

2. Incentive pay

Front 4

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

Back 4

1. Basic pay

Front 5

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

Back 5

3. Special pay

Front 6

06. What is an allowance?

Back 6

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

Front 7

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

Back 7

1. 12 months

Front 8

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

Back 8

2. Disbursing 3. Personnel 4. Both 2 and 3 above

Front 9

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

Back 9

4.BAH

Front 10

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

2. Five

Front 11

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

Back 11

2. Disbursing

Front 12

12. By looking at your LES, you can find the amount of allowances you have earned.

Back 12

1.True

Front 13

13. Leave and liberty are times you’re authorized to spend away from work and off duty. They are combined on the LES.

Back 13

1.True

Front 14

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

3. 30

Front 15

15. Regular liberty is usually granted as a 4-day period.

Back 15

2.False

Front 16

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

Back 16

4. 4 days

Front 17

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

Back 17

2. Convalescent leave

Front 18

18. What form should you use to request either regular or emergency leave?

Back 18

1.NAVCOMPTForm 3065

Front 19

19. The safest and most convenient way for you to keep track of your money is to open a checking account.

Back 19

1.True

Front 20

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

Back 20

2. Balance your checkbook

Front 21

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

Back 21

1. Life insurance payments 2. Mortgage payments 3.Payment to family members 4. All of the above

Front 22

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

Back 22

3. Garnishment of pay

Front 23

23. Which of the following is the key to money management?

Back 23

1. Using a budget

Front 24

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

Back 24

2. Deductions

Front 25

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

Back 25

1. Allotments

Front 26

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

Back 26

4. Net income

Front 27

27. Expenses that are the same each month.

Back 27

3. Fixed

Front 28

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

Back 28

2. Rent

Front 29

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

Back 29

3. Savings

Front 30

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

Back 30

3. 25%

Front 31

31. Credit is buying now and paying later at no extra cost.

Back 31

2.False

Front 32

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

Back 32

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

Front 33

33. Good credit is priceless for which of the following reasons?

Back 33

2. In emergencies

Front 34

34. Which of the following are principles of using credit?

Back 34

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

Front 35

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

Back 35

3. $200,000/$400,000

Front 36

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

Back 36

1.Yourself

Front 37

37. What is the result of abusive behavior of Navy personnel?

Back 37

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

Front 38

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

Back 38

2.Family Advocacy Program (FAP)

Front 39

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

Back 39

1.FAO 2. FSC 3. Medical treatment center 4. All of the above

Front 40

40. Stress happens when there is an imbalance between the demands of our lives and the means we have to deal with those demands.

Back 40

1.True

Front 41

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

Back 41

1. Acceptance, attitude, and perspective