Leadership 2
LES - correct answer-Leave and Earning Statement
Basic Pay - correct answer-Most important component of individuals salary $35,000
Allowances - correct answer-Second most important element of military pay (food, housing,
etc.)
BAS is not taxable $253.38
BAH - correct answer-Basic Allowance for Housing, dependent on pay grade, dependents
and location
FSA - correct answer-Family Separation Allowance; compensation for added expenses
incurred because of enforced family separation $250.00
Deductions include - correct answer-Fed Taxes
State residency/state taxes
Medicare/Social security
Group life insurance ($27.00)
GI Bill ($100.00/12mo)
Field Rations (MRE)
Child Support
Allotment - correct answer-Designated amount of money that is automatically distributed for
you, from your pay
Ensures certain items are paid for monthly (up to 6)
Single 2nd LT Pay <2 years - correct answer-$2,905 Base
$246 BAS
$13 Partial BAH
$3,164 per month
Married 2nd LT - correct answer-$2,905 Base
$246 BAS
$1,845 BAH
$5,009 per month
TSP - correct answer-Thrift Savings Plan
Retirement and savings plan for fed employees/members of the uniformed serviced
Importance of financial stability (outcomes of financial instability) - correct answer-Impedes
unit readiness therefore is a leadership issue
, Loss of security clearance
Bankruptcy
Repossession of goods
Legal proceedings
Depression
Divorce
Suicide
Vehicle loans are - correct answer-typically the origin of the most financial problems for
Marines
Assisting Marines - correct answer-Invest time into understanding Marines financial
situations before they become major issues
Navy-Marine Corps Relief - correct answer-A program for active duty members and their
families which provide interest, free loans and grants to members in financial hardship
Basic living expenses (food)
Transportation (Car payments)
Car repairs
Transportation due to family illness
Predatory loan avoidance
Funeral expenses
Household set up
Medical/dental
Education
Leave - correct answer-Authorized leave of absence from a place of duty which is
chargeable against Marines leave account
Must be approved by chain of command, approved if presence isn't needed
**encourage to use all 30 days each year**
Leave in conjunction with permanent change of station (PCS) - correct answer-Authorized
30 day delay to count as leave when ordered on PCS
Graduation Leave - correct answer-Commissioned Marines who graduate shall normally be
authorized graduation en route to their first duty station. Not chargeable to account, use 3
months of graduation
Leave in conjunction with temporary addition duty (TAD) - correct answer-TBS
Convalescent Leave - correct answer-Not to exceed 30 days
**18 weeks of maternity leave- must be used within first year of childs life
How much leave per month? - correct answer-2.5 days
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller modockochieng06. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £6.49. You're not tied to anything after your purchase.