Leadership 2 Exam Questions With Verified Answers

Leadership 2 Exam Questions With Verified Answers LES - answerLeave and Earning Statement Basic Pay - answerMost important component of individuals salary $35,000 Allowances - answerSecond most important element of military pay (food, housing, etc.) BAS is not taxable $253.38 BAH - answerBasic Allowance for Housing, dependent on pay grade, dependents and location FSA - answerFamily Separation Allowance; compensation for added expenses incurred because of enforced family separation $250.00 Deductions include - answerFed Taxes State residency/state taxes Medicare/Social security Group life insurance ($27.00) GI Bill ($100.00/12mo) Field Rations (MRE) Child Support Allotment - answerDesignated 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 - answer$2,905 Base $246 BAS $13 Partial BAH $3,164 per month Married 2nd LT - answer$2,905 Base $246 BAS $1,845 BAH $5,009 per month TSP - answerThrift Savings Plan Retirement and savings plan for fed employees/members of the uniformed serviced Importance of financial stability (outcomes of financial instability) - answerImpedes unit readiness therefore is a leadership issue Loss of security clearance Bankruptcy Repossession of goods Legal proceedings Depression Divorce Suicide Vehicle loans are - answertypically the origin of the most financial problems for Marines Assisting Marines - answerInvest time into understanding Marines financial situations before they become major issues Navy-Marine Corps Relief - answerA 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