FINANCIAL MANAGEMENT SCHOOL

Slides:



Advertisements
Similar presentations
Debts UNITED STATES FINANCIAL MANAGEMENT COMMAND PAY SUPPORT 1 22 April 2014.
Advertisements

Compounding Interest You are interested in opening a savings account that pays interest at a rate of 6% compounded annually. You deposit $523 as your starting.
82d Soldier Support Battalion (Airborne) Operation Enduring Freedom Military Pay Entitlements As of: 3 January 2002.
Tax Planning and Strategies
College Goal Sunday Advanced Training An Overview of Unique Situations and Commonly Asked Questions.
Bonuses 1 USAFMCOM OPERATIONAL SUPPORT TEAM. Overview Enlistment Bonus Selective Reenlistment Bonus Career Status Bonus / REDUX 2.
Understanding Your LES What it all adds up to!. This presentation covers…  The basics to reading your LES  Offers an example to better explain Appendix.
Copyright © 2011 Pearson Education, Inc. Managing Your Money.
Payroll Taxes (The part you earn but don’t get to take home!)
Understanding Paychecks Where Does Your Money Go?.
Chapter 8. Alternative Minimum Tax Howard Godfrey, Ph.D., CPA Professor of Accounting ©Howard Godfrey-2015.
SECTION 2-4 pp Social Security & Medicare Taxes.
Consumer Education Chapter 5 & Section 16.3
Monday March 6, 2017 ***Check on H&R Budget Challenge*** Personal exemptions: Single - $2,000 Married- $4,000 Each dependent- $2,000 1) Martin Tabor’s.
A little now can go a long way
Getting Paid Advanced Level.
Pay, Benefits, and Incentives
LESSON 12-1 Preparing Payroll Time Cards
Accounting 6160 Home Slides Howard Godfrey, Ph. D
Form N-11 Exercise University of Hawaii
Getting Paid Advanced Level.
Taxes Objective: SWBAT evaluate the basics about taxes
Calculations Percentage Method Tax Withholding; Depositing and Reporting Withheld Taxes; Garnishments.
RR No. 19, Assessment Division
6.5A Social Security and Medicare
Unit 8 Income Terms & Definitions
What do you feel is the best part of beginning a new job?
Getting Paid Advanced Level.
DETERMINE ENTITLEMENT TO PAY AND ALLOWANCES
U.S ARMY SOLDIER SUPPORT INSTITUTE
FINANCIAL MANAGEMENT SCHOOL
U.S ARMY SOLDIER SUPPORT INSTITUTE DETERMINE ENTITLEMENT
Determine Entitlement to Pay and Allowances STUDENT ANSWER BOOKLET
U.S. ARMY SOLDIER SUPPORT INSTITUTE PROCESS RESERVE PAY TRANSACTIONS
Getting Paid Advanced Level.
Calculations Percentage Method Tax Withholding; Depositing and Reporting Withheld Taxes; Garnishments.
FINANCIAL MANAGEMENT SCHOOL U.S ARMY SOLDIER SUPPORT INSTITUTE
BASIC AND SPECIAL PAYS PRACTICAL EXERCISE #1 Student Answer Booklet
DETERMINE ENTITLEMENT TO PAY AND ALLOWANCES
Getting Paid Advanced Level.
Prepare Office Computations
PROCESS RESERVE PAY TRANSACTIONS
PROCESS RESERVE PAY TRANSACTIONS
Student Answer Booklet
UNITED STATES ARMY FINANCIAL MANAGEMENT SCHOOL
UNITED STATES ARMY FINANCIAL MANAGEMENT SCHOOL
UNITED STATES ARMY FINANCIAL MANAGEMENT SCHOOL
Understanding Your Paycheck and Tax Forms
DETERMINE ENTITLEMENT TO PAY AND ALLOWANCES
Managing Your Money Copyright © 2011 Pearson Education, Inc.
Group Health Insurance
U.S ARMY SOLDIER SUPPORT INSTITUTE STUDENT ANSWER BOOKLET
Charitable Contributions
Getting Paid.
Issue EagleCash Card PRACTICAL EXERCISE #1 Student Answer Booklet
UNITED STATES ARMY FINANCE SCHOOL
Computing Deductions on Your Paycheck
FINANCIAL MANAGEMENT SCHOOL U.S ARMY SOLDIER SUPPORT INSTITUTE
Mr. Park ERHS Mr. Saliani, Principal
Payroll BUDGETS PAYROLL REPORTS.
CHAPTER 8 Personal Finance.
Financial Planning.
Payroll Accounting, Taxes and Reports
U.S. ARMY SOLDIER SUPPORT INSTITUTE PROCESS RESERVE PAY TRANSACTIONS
What is the purpose of a bank?
Federal Income Tax Section 2.1.
Federal Income Tax Lesson 3.1a.
Getting Paid Advanced Level.
Getting Paid Advanced Level.
CHAPTER 8 Personal Finance.
Presentation transcript:

FINANCIAL MANAGEMENT SCHOOL UNITED STATES ARMY FINANCIAL MANAGEMENT SCHOOL U.S ARMY SOLDIER SUPPORT INSTITUTE Research MMPA - Active Component PRACTICAL EXERCISE #1 Student Answer Booklet NAME:__________________________________SSN:____________________   CLASS #:_________________________________DATE:___________________ AAA6B102 December 2012

Research MMPA PE 1 / Student Answer Booklet What does the LB entry of “3800” on MAJ Ross’ MMPA mean? What is CSM Franklin’s status with respect to duty? What is MAJ Ross’ Expiration of Term of Service date (ETS)? What is CSM Franklin’s ETS date? How many allotments does MAJ Ross have in effect? How much is the monthly allotment MAJ Ross has for her home loan? How much has MAJ Ross paid toward her bond allotment to date? How much is CSM Franklin’s current leave balance? What is CSM Franklin’s status in regards to Basic Allowance for Housing (BAH)? Does MAJ Ross have any collections taken out of her pay? AAA6B102 – PE 1

Research MMPA PE 1 / Student Answer Booklet 11. What date did CSM Franklin’s deductions for Servicemen’s Group Life Insurance and United States Soldiers Home deduction start ? How much is the indebtedness current month that CSM Franklin has for a Government Property Lost or Destroyed (GPLD)? 13. How much is the deduction amount for the closed entry on indebtedness for Government Property Lost or Destroyed for CSM Franklin? 14. How many exemptions is MAJ Ross claiming for federal tax purposes? 15. For federal income tax purposes, is MAJ Ross claiming married or single? 16. How much is MAJ Ross ’s year-to-date federal taxable wages? 17. Does CSM Franklin have any pay held? 18. What date did ADSN (DSSN) “5082” begin serving MAJ Ross? 19. What ADSN pays MAJ Ross? What is CSM Franklin’s state of legal residence? AAB6B102 - PE 1

Research MMPA PE 1 / Student Answer Booklet 21. What date was CSM Franklin’s MMPA printed? 22. When did CSM Franklin achieve his current rank? How much regular pay is CSM Franklin authorized at mid-month? 24. What is the total amount of deductions at mid-month for CSM Franklin’s Pay Computation Factor?   25. How much is the total amount of entitlements, current month for CSM Franklin? What is MAJ Ross’ current status? 27. What is CSM Franklin’s Total Active Federal Military Service Date (TAFMSD)? How many years of service does CSM Franklin have for pay purpose? For how many years did CSM Franklin reenlist? What entitlements does CSM Franklin currently have in effect? AAB6B102 - PE 1

Research MMPA PE 1 / Student Answer Booklet 31. How many future entries does CSM Franklin have? 32. What does CSM Franklin’s “63” future entry represent? 33. When is CSM Franklin’s “63” future entry to take effect? 34. How many future entries does MAJ Ross have? 35. How many suspense entries does CSM Franklin have? What is the purpose of a suspense entry? What purpose does the LES Remark group of the MMPA serve? Does CSM Franklin have any LES Remarks entries? What is MAJ Ross’ payment option? 40. What is CSM Franklins BAH Closest Dependent? AAB6B102 – PE 1