Chapter 12 - Finance, Manpower, and Resources

Question 1

Just like physical fitness is important for health, _________ is equally important to overall well-being of Air Force members

Answer 1

Fiscal Fitness

Question 2

Is the fundamental component of military pay, and typically the largest component of a member’s pay

Answer 2

Military (Basic) Pay

Question 3

Determines the length of service for pay purposes

Answer 3

Military Pay Date

Question 4

Is a comprehensive statement of a member’s entitlements, deductions, allotments, leave information, tax-withholdings, as well as Traditional and Roth Thrift Savings Plan information

Answer 4

The Defense Finance and Accounting Service (DFAS) Form 702, Defense Finance and Accounting Service Military Leave and Earnings Statement

Question 5

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

Answer 5

Once or twice per month

Question 6

Are provided when the government does not provide for that specific need

Answer 6

Monetary allowances

Question 7

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

Answer 7

Basic Allowance for Subsistence

Question 8

Is to provide uniformed service members accurate and equitable housing compensation based on housing costs in local civilian housing markets

Answer 8

Basic Allowance for Housing

Question 9

Are entitled to partial basic allowance for housing unless the quarters (including government-leased quarters) exceed the minimum standards of single quarters for their grade

Answer 9

Members without dependents residing in government single-type quarters

Question 10

The members that pay court-ordered child support may qualify for differential (basic allowance for housing-differential)

Answer 10

Members living in single-type government quarters

Question 11

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

Answer 11

Overseas Housing Allowance

Question 12

Is to pay a member for added housing expenses resulting from enforced separation from dependents

Answer 12

Family Separation Housing

Question 13

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

Answer 13

Clothing Replacement Allowance

Question 14

Is payable to members with dependents in addition to other allowances or per diem to which a member may be entitled

Answer 14

Family Separation Allowance

Question 15

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

Answer 15

Overseas Station Allowances

Question 16

Is payable to members assigned to designated “high cost” areas within the CONUS

Answer 16

Continental United States Cost-of-Living Allowance

Question 17

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 17

Special and Incentive Pay

Question 18

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

Answer 18

Involuntary Deductions

Question 19

Is considered income for federal and state income tax purposes, to include basic pay, incentive pay, special pay, lump-sum payment of accrued leave, and separation pay

Answer 19

All pay

Question 20

Requires federal agencies to withhold FICA (Social Security and Medicare) taxes from the basic pay of military members covered by the Social Security Act and to pay matching FICA taxes to the Social Security Administration

Answer 20

The Federal Insurance Contributions Act (FICA)

Question 21

Is used to provide for national programs, such as defense, community development, and law enforcement. A member may authorize an additional monthly amount of FITW

Answer 21

The Federal Income Tax Withholding (FITW)

Question 22

Refers to state tax laws of the state where the member is a legal resident

Answer 22

The State Income Tax Withholding (SITW)

Question 23

Are set by the Secretary of Defense after consulting with the AFRH board, and are set up to a maximum of $1

Answer 23

Monthly Armed Forces Retirement Home (AFRH) deductions

Question 24

Such as allotments to help administer personal finances, support family members, and insurance premium payments

Answer 24

Voluntary Deductions

Question 25

Is a voluntary deduction. It is a retirement savings and investment plan established for federal employees as part of the Federal Employees’ Retirement Act of 1986

Answer 25

The Thrift Savings Plan (TSP)

Question 26

automatically insures an eligible member against death when the member is on Regular Air Force status and/or training for an ordered period of more than 30 days

Answer 26

The Service Members’ Group Life Insurance (SGLI)

Question 27

Military members will pay their financial obligations in a proper and timely manner; provide adequate financial support of a spouse, child or any other relative for which the member receives additional support allowances; comply with the financial support provisions of a court order or written support agreement; and respond to applications for involuntary allotments of pay within the established suspense dates per this AFI

Answer 27

AFI 36-2906, Personal Financial Responsibility

Question 28

Are often unfamiliar with Air Force organizational addresses or do not know the member’s actual unit of assignment, and so frequently address correspondence to the installation commander, Staff Judge Advocate, or force support squadron

Answer 28

Complainants

Question 29

Military members may request relief from valid debts by

Answer 29

applying for waiver or remission of the debt

Question 30

When a member receives erroneous pay or allowances

Answer 30

he or she may apply for a waiver of claims by the United States

Question 31

A Regular Air Force, separated member, or his or her commander, may apply for __________ of a member’s indebtedness to the United States

Answer 31

Remission