(a)[8]
Explain one effect on PF of the rise in each of the two taxes shown in Appendix 2. Tax on people’s income: Tax on profit made by businesses:
(b)[12]
Using Appendix 3 and other information, consider PF’s financial position in 2025 and forecast financial position in 2026. Do you think Philip’s sister should invest in PF? Justify your answer using suitable calculations.