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TRAINEE GUIDE - Recruit Training Command - The US Navy

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<strong>TRAINEE</strong> <strong>GUIDE</strong> A-950-0001<br />

Sheet 1 of 1<br />

ASSIGNMENT SHEET 2-01-2<br />

A. Study Assignment<br />

None<br />

B. Study Questions<br />

MILITARY PAY AND BENEFITS/DIRECT DEPOSIT SYSTEM<br />

1. What is the purpose of the Leave and Earnings Statement (LES)?<br />

2. What are the three types of pay?<br />

a.<br />

b.<br />

c.<br />

3. (TRUE/FALSE) Allowances are taxable.<br />

4. If entitled to an enlistment bonus, when will you receive it?<br />

5. <strong>The</strong> two parts of Federal Insurance Contribution Act (FICA)<br />

are social security and ______________.<br />

6. How much is the Montgomery GI Bill “buy up?”<br />

7. ______________ is an optional retirement savings<br />

and investment plan.<br />

8. List benefits of the Direct Deposit System (DDS).<br />

a.<br />

b.<br />

c.<br />

d.<br />

9. On which days of the month are <strong>Navy</strong> personnel paydays?<br />

______________<br />

10. What do you need to do if a bill payment is going to be late?<br />

23

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