FNCE, MNPWR and RSRCs

Question 1

According to_____, Air Force Standards, just like physical fitness is important for health, _____ is equally important to overall well-being of Air Force members

Answer 1

• AFI 1-1

- Fiscal fitness

Question 2

What is the fundamental component of military pay, and typically the largest component of a member’s pay?

Answer 2

Basic pay

Question 3

The Defense Finance and Accounting Service (DFAS) Form _____, is a comprehensive statement of a member’s entitlements, deductions, allotments, leave information, tax-withholdings

Answer 3

Form 702, Defense Finance and Accounting Service Military Leave and Earnings Statement

Question 4

Military members are paid on a _____ with the option to receive payments _____

Answer 4

• Monthly basis

- Once or twice per month

Question 5

Payment cutoff dates generally occur around the _____ for the mid-month and the _____ for the end-of-month paydays

Answer 5

• 6th

- 20th

Question 6

_____ are normally only authorized for overseas areas where on base military banking facilities are not readily available

Answer 6

Local cash payments

Question 7

Under extenuating circumstances, a stateside member may receive an _____ if deemed time sensitive and required within 24 hours due to unforeseen circumstances

Answer 7

Emergency partial payment

Question 8

Other than _____ cost-of living allowance, allowances are not taxable, which is an additional embedded benefit of military pay

Answer 8

Continental United States (CONUS)

Question 9

_____ is a nontaxable allowance used to offset the cost of a service member’s meals

Answer 9

Basic allowance for subsistence (BAS)

Question 10

Often _____ assigned to ______ at their permanent duty station are required to eat _____, receive basic allowance for subsistence, and are charged _____ which is deducted from their pay

Answer 10

• Junior grade enlisted members
• Single-type government quarters
• In government dining facilities
• The discounted meal rate

Question 11

Members in _____ are entitled to _____ and a rental agreement requires a rent amount _____ the basic allowance for housing entitlement paid via allotment

Answer 11

• Privatized quarters
• Basic allowance for housing (BAH)
• Not to exceed

Question 12

Members _____ residing in _____ are entitled to _____ unless the quarters exceed the minimum standards of single quarters for their grade

Answer 12

• Without dependents
• Government single-type quarters
• Partial basic allowance for housing

Question 13

Members living in single-type government quarters who _____ may qualify for _____

Answer 13

• Pay court-ordered child support

- Differential (basic allowance for housing-differential).

Question 14

_____ is a cost reimbursement based allowance to help defray housing costs incident to assignments to a permanent duty station outside the United States

Answer 14

Overseas housing allowance

Question 15

Members are reimbursed actual rental costs not to exceed the maximum overseas housing allowance rate for each _____, _____ and _____

Answer 15

• Locality
• Grade
• Dependency status

Question 16

The purpose of _____ is to pay a member for added housing expenses resulting from enforced separation from dependents

Answer 16

• Family separation housing

Question 17

_____ is a preliminary replacement allowance paid annually between the 6th and 36th month of Regular Air Force status

Answer 17

Clothing replacement allowance-basic

Question 18

_____ automatically replaces clothing replacement allowance-basic after 36 months of Regular Air Force status

Answer 18

Clothing replacement allowance-standard

Question 19

_____ applies when transportation of dependents is not authorized at government expense, and the dependents do not live in the vicinity of the member’s permanent duty station

Answer 19

Family separation allowance-restricted

Question 20

_____ applies when a member is on temporary duty away from the permanent duty station continuously for more than 30 days, and the member’s dependents are not residing at or near the temporary duty station, including members beginning temporary duty before reporting to the initial station of assignment

Answer 20

Family separation allowance-temporary

Question 21

_____ are established to help defray the higher than normal cost of living or cost of procuring housing in overseas areas

Answer 21

Overseas station allowances

Question 22

The _____ is payable to members assigned to designated “high cost” areas within the CONUS

Answer 22

CONUS cost of living allowance

Question 23

A number of _____ recognize certain aspects of duty, such as hazardous duty incentive pay, imminent danger pay, special duty assignment pay, enlisted flying duty incentive pay, and hardship duty pay-location

Answer 23

Special and incentive pays

Question 24

_____ are payroll deductions of certain amounts of pay that are imposed by law

Answer 24

Involuntary deductions

Question 25

Withholding Income Tax, Federal Insurance Contributions Act Taxes, Federal Income Tax Withholding, State Income Tax Withholding and Armed Forces Retirement Home are examples of _____

Answer 25

Involuntary Deductions

Question 26

Military members may establish _____, such as allotments to help administer personal finances, support family members, and insurance premium payments

Answer 26

• Voluntary deductions

Question 27

Members may control certain _____ through myPay

Answer 27

Discretionary allotments

Question 28

_____ have limited uses, such as charitable contributions, loan repayments to the Air Force Aid Society, garnishment for commercial debts, and delinquent travel charge card debt

Answer 28

Nondiscretionary allotments

Question 29

To allow for sufficient processing time, allotments should be requested _____ before the desired month

Answer 29

30 days

Question 30

The _____ is a voluntary deduction and is a retirement savings and investment plan established for federal employees as part of the _____

Answer 30

• Thrift Savings Plan (TSP)

- Federal Employees’ Retirement Act of 1986