Leadership 2 Exam With Answers

LES - Leave and Earning Statement

Basic Pay - Most important component of individuals salary $35,000

Allowances - Second most important element of military pay (food, housing, etc.)
BAS is not taxable $253.38

BAH - Basic Allowance for Housing, dependent on pay grade, dependents and location

FSA - Family Separation Allowance; compensation for added expenses incurred because of enforced family separation $250.00

Deductions include - 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 - 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 - $2,905 Base
$246 BAS
$13 Partial BAH
$3,164 per month

Married 2nd LT - $2,905 Base
$246 BAS
$1,845 BAH
$5,009 per month

TSP - Thrift Savings Plan

Retirement and savings plan for fed employees/members of the uniformed serviced

Importance of financial stability (outcomes of financial instability) - Impedes unit readiness therefore is a leadership issue

Loss of security clearance
Bankruptcy
Repossession of goods
Legal proceedings
Depression
Divorce
Suicide

Vehicle loans are - typically the origin of the most financial problems for Marines

Assisting Marines - Invest time into understanding Marines financial situations before they become major issues

Navy-Marine Corps Relief - 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 - 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) - Authorized 30 day delay to count as leave when ordered on PCS

Graduation Leave - 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) - TBS

Convalescent Leave - Not to exceed 30 days

**18 weeks of maternity leave- must be used within first year of childs life

How much leave per month? - 2.5 days