Personal Readiness Seminar (PRS) Survival Skills PRE/POST TEST 2022 with complete solution
If PFC Jones earns $1400 per month, how much is the recommended minimum she should save each month Correct answer- $140
LCpl Wu reviewed her LES on MyPay this month and noticed an inaccuracy. What should she do about it? Correct answer- Take it to her chain of command
LCpl Azimi's base pay is $1800 per month. He also receives partial BAH of $10.00 and BAS of $290. His total withholdings are $300. He pays $250 per month for his car payment, $20 per month for a Navy Marine Corps Relief Quick Assist Loan and the minimum payment on his credit card is $30 per month. What is Azimi's debt to income ratio? Correct answer- 16.7%
At what debt to income ratio might a Marine be considered overextended? Correct answer- >20%
PFC White wants to increase his TSP contributions. Where does he go to do this? Correct answer- MyPay
LCpl Jones has PCS orders to Okinawa. Which consumer protection law will allow him to terminate his residential and automobile leases as a result of these orders? Correct answer- Servicemembers Civil Relief Act (SCRA)
What is the maximum ratio of living expenses to net income PFC Hernandez should maintain? Correct answer- No more than 70%
What are some avoidable fees a banking institution might charge an account holder? Correct answer- All of the above
How do you influence your credit score? Correct answer- All of the above
LCpl Moreno knows he should save for emergency expenses. What is the generally accepted minimum monthly living expenses should Joe try to keep in his emergency fund? Correct answer- 3 months
Which of the following Marines is financially fully extended? Correct answer- Marine C: $1800/month income, $300/month debt
If PFC Jones earns $1400 per month, how much is the recommended minimum she should save each month Correct answer- $140
LCpl Wu reviewed her LES on MyPay this month and noticed an inaccuracy. What should she do about it? Correct answer- Take it to her chain of command
LCpl Azimi's base pay is $1800 per month. He also receives partial BAH of $10.00 and BAS of $290. His total withholdings are $300. He pays $250 per month for his car payment, $20 per month for a Navy Marine Corps Relief Quick Assist Loan and the minimum payment on his credit card is $30 per month. What is Azimi's debt to income ratio? Correct answer- 16.7%
At what debt to income ratio might a Marine be considered overextended? Correct answer- >20%
PFC White wants to increase his TSP contributions. Where does he go to do this? Correct answer- MyPay
LCpl Jones has PCS orders to Okinawa. Which consumer protection law will allow him to terminate his residential and automobile leases as a result of these orders? Correct answer- Servicemembers Civil Relief Act (SCRA)
What is the maximum ratio of living expenses to net income PFC Hernandez should maintain? Correct answer- No more than 70%
What are some avoidable fees a banking institution might charge an account holder? Correct answer- All of the above
How do you influence your credit score? Correct answer- All of the above
LCpl Moreno knows he should save for emergency expenses. What is the generally accepted minimum monthly living expenses should Joe try to keep in his emergency fund? Correct answer- 3 months
Which of the following Marines is financially fully extended? Correct answer- Marine C: $1800/month income, $300/month debt
