Importance of creating a surplus budget, Taxation

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a) Using the above information you are to construct Fiona's Cash Flow Statement and then explain to her the importance of creating a surplus budget.

b) The Net Worth Statement enables you to assess your financial situation at a point in time, to take appropriate actions that will improve your financial situation over a period of time and to discover whether you are progressing towards your financial goals. Based on the above information, you are to construct Fiona's Net Worth Statement.

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