X Ltd. a domestic company, has two businesses A and B. For the last two years business A has been running into a loss wiping out the entire, profits of business 'B. At the end of the financial year 2015, there are brought forward losses of KSh. 800,000 and unabsorbed depreciation KSh. 500,000. In the financial year 2016 onwards it is expected that business B will earn a profit of KSh. 500,000 annually and if business A is continued at a minimum level there will be an annual loss of KSh. 100,000. Required Please suggest to the management of the company regarding: i. Whether business A should be continued or shut down. (15mks) (3mks) ii. If continued for how many years. b. Give a detailed explanation in relation to tax planning avenues that an individual can use to minimize his/her tax liability giving the quantum of savings as per the income tax act. (hint at least 6 avenues) (12mks)