Answered

REQUIRED:
441 Why you think it is necessary to have a Code of Ethics
(2)
4.42 Outline THREE principles of ethical behaviour that you expect them
to adhere to
(6)
(2)
4.4.3 Choose the correct word in brackets:
Standard VAT rate in South Africa is (15% /14%)
444 List TWO differences between salaries and wages
4.4.5 Outline the differences between deductions
and
contributions
416 To which organisation is PAYE paid?
(4)
(4)
(1)
TOTAL

Verified Answer :

GinnyAnswer

Final answer:

Codes of Ethics provide moral standards for behavior, outlining principles and rules. Key differences are highlighted such as salaries vs. wages and deductions vs. contributions.


Explanation:

Code of Ethics: A Code of Ethics is essential as it provides moral standards to guide decision-making and behavior within a profession or organization. It sets out principles and rules that individuals are expected to adhere to, promoting integrity and responsible conduct.

Principles of Ethical Behavior:

  1. Honesty: Being truthful and transparent in all interactions.
  2. Integrity: Upholding moral and ethical principles consistently.
  3. Respect: Treating others with dignity and consideration.

Standard VAT Rate in South Africa: The correct rate is 15%.

Differences Between Salaries and Wages: Salaries are fixed amounts paid to employees on a regular basis, whereas wages are hourly or daily payments for work done.

Deductions vs. Contributions: Deductions are amounts taken out of an employee's pay, while contributions are additional payments made by the employee towards benefits or programs.

PAYE Organization: PAYE is paid to the South African Revenue Service (SARS).


Learn more about Code of Ethics here:

https://brainly.com/question/40310556


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