Easily Insert Calculations from the Military Leave Policy

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How to Insert Calculations from the Military Leave Policy

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hello welcome to jw military finance im your host jw this is probably one of my last videos recorded here on the island um im excited about it pcs in about 10 days anyhow here we go today we are going to talk about selling back leave and to re-enlistment but first subscribe to my channel give this video a like share my content with your friends that thats out of the way lets get on to that controversial topic selling leave its a dirty word in the military why would you sell your leave youre going to lose money but you only get base pay youre going to lose money youre not going to lose money in fact selling your leave is the only way that you get extra money now lets talk about some details first first and foremost you can only sell 60 days over the course of your entire career and as of a few days ago i have now sold 60 days of leave all right i truly believe that selling your leave is a good thing all right i sold 60 days when can you sell leave if youre an enlisted member y

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How do I process military leave?

Every command will have its own procedures for requesting leave. It may involve a paper or electronic leave request form sometimes called a leave chit. The command will then approve or deny the leave request.

Do military leave days count weekends?

An employee is charged military leave only for hours that the employee would have worked and received pay. Non-Duty Days. This type of military leave is not charged for weekends and holidays.

What is the code for military leave?

The employees timekeeper should use Transaction Code 68, on the employees time and attendance report to pay the employee for the 22 days of military leave. Holidays and non-duty weekends do not count against the 22 day emergency military leave ceilings.

How are selling Army leave days calculated?

Service members are authorized to sell back their military leave, also known as cashing in their leave, when they are discharged from the military under honorable conditions. 37 U.S. Code 501. Leave is valued at 1/30 of base pay per day cashed in.

How do you calculate terminal leave?

How Do I Calculate the Terminal Leave Money I Can Get? Terminal leave is valued at 1/30 of base pay per day cashed in. However, taxes are also withheld from your final payment at the rate of 25% for federal tax and varying amounts for state tax!

How does the Army calculate leave days?

Annual Leave: Active duty Soldiers earn 2.5 days of annual (chargeable) leave for each month of service, for a total of 30 days per year. Currently, Soldiers can bank up to 60 days of leave at the end of the fiscal year.

What is a day of leave equal to in the Army?

Each day of leave is worth a single days basic pay. Note: You cant receive payment for more than 60 days. Additionally you cant sell leave if you are discharged for the purpose of accepting a commission or a warrant in any uniformed service.

How are military leave days calculated?

As part of the military pay and benefits package, military service members earn 30 days of paid leave per year. You start at zero and for every month of military service, 2.5 days of leave get added to your leave account.

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Insert Calculations from the Military Leave Policy