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41 Cards in this Set
- Front
- Back
01. How many types of pay may you receive?
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3. Three
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02. As a Sailor, what action must you take in order to get paid?
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3. Open a savings or a checking account
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03. Pay you get for certain types of duty that are usually considered hazardous.
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2. Incentive pay
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04. The pay you get that’s based on your paygrade and length of service.
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1. Basic pay
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05.You are getting a selective reenlistment bonus. What type of pay are you receiving?
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3. Special pay
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06. What is an allowance?
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1. Money used to reimburse you for expenses necessary for you to do your job
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07. You are entitled to an annual clothing maintenance allowance after you have been on active duty for what length of time?
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1. 12 months
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08. Which of the following offices can provide you information about the types of allowances to which you’re entitled?
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2. Disbursing 3. Personnel 4. Both 2 and 3 above
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09. How is your housing allowance shown on the leave and earnings statement (LES)?
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4.BAH
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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?
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2. Five
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11. What office should you notify if you think that you’re being overpaid?
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2. Disbursing
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12. By looking at your LES, you can find the amount of allowances you have earned.
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1.True
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13. Leave and liberty are times you’re authorized to spend away from work and off duty. They are combined on the LES.
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1.True
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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?
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3. 30
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15. Regular liberty is usually granted as a 4-day period.
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2.False
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16. Under certain circumstances, what is the maximum number of days special liberty a CO can grant?
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4. 4 days
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17. Which of the following types of leave is NOT charged to your earned, annual, or excess leave account?
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2. Convalescent leave
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18. What form should you use to request either regular or emergency leave?
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1.NAVCOMPTForm 3065
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19. The safest and most convenient way for you to keep track of your money is to open a checking account.
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1.True
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20. Which of the following is one way you can avoid bouncing a check?
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2. Balance your checkbook
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21. Which of the following is/are types of voluntary allotments?
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1. Life insurance payments 2. Mortgage payments 3.Payment to family members 4. All of the above
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22. Which of the following is/are types of involuntary allotments?
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3. Garnishment of pay
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23. Which of the following is the key to money management?
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1. Using a budget
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24. The amount of money taken from pay for income taxes, Social Security, SGLI, and so forth.
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2. Deductions
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25. The money taken from gross income to pay debts to the United States.
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1. Allotments
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26. The money paid to a member after all deductions and allotments are paid.
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4. Net income
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27. Expenses that are the same each month.
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3. Fixed
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28. Of the following expenses, which one is a fixed expense?
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2. Rent
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29.You are planning a budget. What is the first thing for which you should plan?
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3. Savings
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30. According to the U.S. Department of Labor, approximately what percentage of your income should be budgeted for housing costs?
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3. 25%
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31. Credit is buying now and paying later at no extra cost.
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2.False
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32. What method, if any, can you use to find the total amount you will pay for a loan?
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2. Subtract the price of the purchase from the total amount you will pay for the loan
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33. Good credit is priceless for which of the following reasons?
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2. In emergencies
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34. Which of the following are principles of using credit?
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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
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35. What is the maximum life insurance coverage under the Serviceman’s Group Life Insurance (SGLI) program?
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3. $200,000/$400,000
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36. Who is responsible for the safety, health, and well-being of your family?
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1.Yourself
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37. What is the result of abusive behavior of Navy personnel?
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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
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38. What program, if any, was established to help families in distress?
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2.Family Advocacy Program (FAP)
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39.Victims of spouse or child abuse can report incidents directly to which of the following persons/activities?
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1.FAO 2. FSC 3. Medical treatment center 4. All of the above
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40. Stress happens when there is an imbalance between the demands of our lives and the means we have to deal with those demands.
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1.True
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41. What are the three means we can use to deal with stress?
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1. Acceptance, attitude, and perspective
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